80 Quartz Ln #80PatersonNJ07501
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Paterson at 80 Quartz Ln #80, Paterson, NJ, 07501 uses $121,992 cash to close to unlock $2,654/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $2,844/mo, and a $1,801/mo payment keeps the spread at $221/mo. Purchase price stands at $368,000, and rental yield measures 9.27% with $2,844/mo rent. Return on cash invested shows 22.08% in year one, and 5% annual appreciation builds toward $101,672 over five years. Five-year ROI reaches 115.78% and total cumulative return in cash records $141,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,844/mo property income covering a $1,801/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07501, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,931 (100%) |
| Owner Occupied HU | 1,962 (14.1%) |
| Renter Occupied HU | 11,210 (80.5%) |
| Vacant Housing Units | 759 ( 5.4%) |
| Median Home Value | $310,593 |
| Average Home Value | $356,377 |
Housing Distribution
Address Breakdown
Residential
11,958
Single Family
8,340
Multi-Family
3,618
Businesses
921
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Listed by: George Antoine Khoury • Veteran Real Estate Group Llc
Mls Name: GSMLS
Mls ID: #3984885