37 Philip PlIrvingtonNJ07111
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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 37 Philip Pl, Irvington, NJ, 07111 priced at $371,000 converts $2,580/mo rent into after a $1,816/mo obligation. Total monthly income equals $2,580/mo. Return on cash invested prints 19.28% in year one, and rental yield reads 8.35% against a $371,000 entry. Equity gained on principal adds $2,394/yr, while 5% annual appreciation compiles into $102,500 by year five. Five-year ROI reaches 100.71% and total cumulative return in cash sums $123,859. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,580/mo property income covering a $1,816/mo payment, not borrower’s personal income.
Single Family
Built in 1926
3,920 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: Morayma Yeng-duarte • Myd Realty Llc
Mls Name: GSMLS
Mls ID: #3968006