9 Knickerbocker Ave, Paterson, NJ, 07503 | 4.55% Rental Yield

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9 Knickerbocker Ave, Paterson, NJ, 07503 | 4.55% Rental Yield | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Paterson at 9 Knickerbocker Ave, Paterson, NJ, 07503 priced at $775,000 converts $2,940/mo rent into after a $3,793/mo obligation. Total monthly income equals $2,940/mo. Return on cash invested prints 7.9% in year one, and rental yield reads 4.55% against a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation compiles into $214,118 by year five. Five-year ROI reaches 39.66% and total cumulative return in cash sums $101,131. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,940/mo property income covering a $3,793/mo payment, not borrower’s personal income.

Multi Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this well-maintained and thoughtfully updated 2-family home offering 6 bedrooms, 4 bathrooms, and 4 versatile bonus roomsideal for multi-generational living, owner-occupants, or investors looking for strong rental potential. Unit 1 (First Floor) features 3 spacious bedrooms with hardwood floors throughout, a fully renovated bathroom, and a beautiful kitchen equipped with brand-new stainless steel appliances. Unit 2 (Second Floor) includes 2 bedrooms, a bonus room perfect for an office or nursery, and hardwood flooring throughout (except the kitchen). Step outside onto your private patio, great for relaxing or entertaining. Unit 3 (Top Floor) provides even more space with a living room, kitchen, 2 bonus rooms, and a full bathroomideal for extended family, workspace, or guests. The finished basement adds incredible value with 2 bonus rooms, a full bathroom, and flexible use as a home gym, media room, or additional living space. Out back, you'll find a beautifully landscaped yard with a pergola, perfect for hosting guests or enjoying a peaceful evening outdoors. Additional highlights include a private driveway that accommodates up to 4 cars and 2 separate entrances and exits for all floors including the third floor and basement. Don't miss the chance to own this unique and spacious property with room to grow, live, and entertain. Schedule your showing today!