89 Market St #0PatersonNJ07505
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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
Rental property for sale in Paterson at 89 Market St #0, Paterson, NJ, 07505 offers $2,160/mo rent that, after a $4,895/mo payment. Total monthly income is $2,160/mo. Return on cash invested measures 1.94% in year one, and rental yield stands at 2.59% at a $999,999 entry. Equity gained on principal adds $6,453/yr while 5% annual appreciation compounds into $276,281 by year five. Five-year ROI records 7.7% and total cumulative return in cash reaches $25,347. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,160/mo property income versus a $4,895/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in 1910
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07505, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 61 ( 5.3%) |
| Renter Occupied HU | 998 (86.3%) |
| Vacant Housing Units | 98 ( 8.5%) |
| Median Home Value | $401,724 |
| Average Home Value | $290,169 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
427
Multi-Family
735
Businesses
637
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Listed by: Ryan Palianto • Serhant New Jersey Llc
Mls Name: GSMLS
Mls ID: #4001289