89 Market StPatersonNJ07505
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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 89 Market St, Paterson, NJ, 07505 listed at $999,999 pairs $2,160/mo rent with a $4,895/mo payment. Total monthly income runs $2,160/mo. Return on cash invested measures 1.94% in year one, and rental yield registers 2.59% at a $999,999 basis. Equity gained on principal adds $6,453/yr, and annual property appreciation at 5% supports $276,281 by year five. Five-year ROI tracks 7.7% and total cumulative return in cash totals $25,347. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $4,895/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in N/A
N/A 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: Michael Reddin • Serhant New Jersey LLC
Mls Name: NJMLS
Mls ID: #25042999