169 Laurel AveIrvingtonNJ07111
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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 169 Laurel Ave, Irvington, NJ, 07111 uses $134,258 cash to close to unlock $342/yr annual cash flow and $29/mo monthly cash flow. Total monthly income runs $2,915/mo, and a $1,982/mo payment keeps the spread at $29/mo. Purchase price stands at $405,000, and rental yield measures 8.64% with $2,915/mo rent. Return on cash invested shows 20.16% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 105.45% and total cumulative return in cash records $141,578. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,915/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Single Family
Built in 1912
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: Turlien Romulus • Re/Max Select
Mls Name: GSMLS
Mls ID: #4007936