157 Myrtle Ave #2IrvingtonNJ07111
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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 Irvington at 157 Myrtle Ave #2, Irvington, NJ, 07111 listed at $609,988 pairs $1,680/mo rent with a $2,986/mo payment. Total monthly income runs $1,680/mo. Return on cash invested measures 4.11% in year one, and rental yield registers 3.3% at a $609,988 basis. Equity gained on principal adds $3,936/yr, and annual property appreciation at 5% supports $168,528 by year five. Five-year ROI tracks 19.31% and total cumulative return in cash totals $38,752. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,680/mo property income relative to a $2,986/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1913
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07111, Irvington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,548 (100%) |
| Owner Occupied HU | 6,122 (24.0%) |
| Renter Occupied HU | 17,048 (66.7%) |
| Vacant Housing Units | 2,378 ( 9.3%) |
| Median Home Value | $306,780 |
| Average Home Value | $400,813 |
Housing Distribution
Address Breakdown
Residential
20,242
Single Family
13,426
Multi-Family
6,816
Businesses
1,379
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Listed by: Malik Crichlow • Goodbuy Homes Nj Realty
Mls Name: GSMLS
Mls ID: #4005984