53 Henderson StPatersonNJ07501
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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 53 Henderson St, Paterson, NJ, 07501 listed at $475,000 pairs $2,370/mo rent with a $2,325/mo payment. Total monthly income runs $2,370/mo. Return on cash invested measures 12.17% in year one, and rental yield registers 5.99% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 62.59% and total cumulative return in cash totals $98,551. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,370/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1900
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: 2 Car Width, Asphalt, None
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Douglas Ramos • Century 21 Alliance Realty
Mls Name: GSMLS
Mls ID: #3982308