56 Osborne 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 56 Osborne Pl, Irvington, NJ, 07111 priced at $497,000 pairs $2,580/mo rent with after a $2,433/mo payment. Total monthly income equals $2,580/mo. Return on cash invested is 12.9% in year one, and rental yield stands at 6.23% on a $497,000 basis. Equity gained on principal adds $3,207/yr, and 5% annual appreciation accumulates to $137,312 by year five. Five-year ROI measures 66.49% and total cumulative return in cash reaches $109,538. For financing, Ziffy Mortgage’s DSCR program evaluates $2,580/mo property income against a $2,433/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1923
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: Shay M Mitchell-peter • Joy Residential
Mls Name: GSMLS
Mls ID: #4002677