ZIP CODE 07111 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
Irvington, NJ (07111) Rental Property Cap Rate & Cash Flow Report
Located in Essex County (Irvington, NJ), Zip Code 07111 ranks #401 of 500 within this selected sample (20th percentile) with a Zillow ZHVI typical home-value index of $419,974 (+5.4% YoY) and a ZORI observed market rent of $1,920/mo (+2.1% YoY). Requires at least 71.1% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,356/mo
Annual: -$16,274/yr
Modeled Cap Rate
2.19%
NOI: $9,210/yr
Cash-on-Cash Return
-16.85%
Cash Needed: $96,594
1% Rule Ratio
0.46%
Gross Yield: 5.49%
Break-Even Rent
$3,479/mo
State Tax: 2.08%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 07111 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NJ Avg 2.08%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,124/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,153/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (07111)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2022 | $343,671 | $1,534/mo | 5.36% |
| 2023 | $367,066 | $1,628/mo | 5.32% |
| 2024 | $402,623 | $1,803/mo | 5.37% |
| 2025 | $398,533 | $1,880/mo | 5.66% |
| 2026 | $419,974 | $1,920/mo | 5.49% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 08854 Piscataway, NJ | $595,607 | $2,643/mo | 2.05% | -$1,993/mo |
| 07305 Jersey City, NJ | $527,875 | $2,314/mo | 2.00% | -$1,791/mo |
| 07087 Union City, NJ | $559,694 | $2,343/mo | 1.79% | -$1,995/mo |
| 08753 Toms River, NJ | $543,614 | $2,735/mo | 2.67% | -$1,538/mo |
| 08527 Jackson, NJ | $638,995 | $3,281/mo | 2.78% | -$1,750/mo |
| 07002 Bayonne, NJ | $588,128 | $2,338/mo | 1.57% | -$2,204/mo |