231 Myrtle 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
Rental property for sale in Irvington at 231 Myrtle Ave, Irvington, NJ, 07111 offers $2,590/mo rent that, after a $3,377/mo payment. Total monthly income is $2,590/mo. Return on cash invested measures 7.75% in year one, and rental yield stands at 4.5% at a $690,000 entry. Equity gained on principal adds $4,452/yr while 5% annual appreciation compounds into $190,634 by year five. Five-year ROI records 38.86% and total cumulative return in cash reaches $88,220. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,590/mo property income versus a $3,377/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1923
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: Julio Perez • Liberty Realty, Llc.
Mls Name: GSMLS
Mls ID: #3995086