9 Herpers StIrvingtonNJ07111
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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 9 Herpers St, Irvington, NJ, 07111 priced at $220,000 converts $1,542/mo rent into after a $1,077/mo obligation. Total monthly income equals $1,542/mo. Return on cash invested prints 19.48% in year one, and rental yield reads 8.41% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 101.77% and total cumulative return in cash sums $74,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,542/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A 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: Vladimir Arakcheyev • Realty One Group Paramount
Mls Name: NJMLS
Mls ID: #26001760