641 Nye 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 641 Nye Ave, Irvington, NJ, 07111 with 5% annual appreciation on a $628,500 basis while $2,945/mo rent supports operations. 88% in year one. Equity gained on principal adds $4,056/yr, and five-year appreciation sums $173,643 alongside rental yield of 5.62%. Five-year ROI measures 35.75% and total cumulative return in cash totals $73,928. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,945/mo property income versus a $3,076/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1924
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: Jack Qizhan Yao • Realmart Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3964889
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