9 Sparrow StPatersonNJ07524
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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 9 Sparrow St, Paterson, NJ, 07524 offers $3,338/mo rent that, after a $2,447/mo payment. Total monthly income is $3,338/mo. Return on cash invested measures 18.28% in year one, and rental yield stands at 8.01% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 95.32% and total cumulative return in cash reaches $157,968. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,338/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07524, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,440 (100%) |
| Owner Occupied HU | 856 (19.3%) |
| Renter Occupied HU | 3,379 (76.1%) |
| Vacant Housing Units | 205 ( 4.6%) |
| Median Home Value | $394,043 |
| Average Home Value | $407,804 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,117
Multi-Family
252
Businesses
420
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Listed by: Nancy Pavic • Casa Real Property Group Llc
Mls Name: GSMLS
Mls ID: #4003182