Hello from NJ, Looking to Invest in Irvington

[Chaim Kay]

Hello Everyone my name is Chaim Kay and I very excited to be joining this site.

I browsed for a while and finally decided to introduce myself.

Currently I am looking at Irvington NJ area since the prices look very attractive for a first time investor. I see a lot of one and two family houses on the market that are priced under $100K. Checked some data and it seems that some of them were bought in 2005 -2006 at about the triple current price.Tax values and zillow estimates are way above asking prices. Hence the question, were they overpriced at the time? Are they hard/impossible to rent so the current owners are trying to cash them out at such loss? Has the area deteriorated tremendously? I really appreciate any input.