1021 Ward AveBronxNY10472
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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 Bronx at 1021 Ward Ave, Bronx, NY, 10472 priced at $1,135,200 converts $3,631/mo rent into after a $5,556/mo obligation. Total monthly income equals $3,631/mo. Return on cash invested prints 7.48% in year one, and rental yield reads 3.84% against a $1,135,200 entry. Equity gained on principal adds $7,325/yr, while 5% annual appreciation compiles into $313,635 by year five. Five-year ROI reaches 36.78% and total cumulative return in cash sums $135,271. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,631/mo property income covering a $5,556/mo payment, not borrower’s personal income.
Multi Family
Built in 1930
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10472, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,558 (100%) |
| Owner Occupied HU | 3,495 (14.2%) |
| Renter Occupied HU | 19,818 (80.7%) |
| Vacant Housing Units | 1,245 ( 5.1%) |
| Median Home Value | $670,375 |
| Average Home Value | $672,221 |
Housing Distribution
Address Breakdown
Residential
20,422
Single Family
3,992
Multi-Family
16,430
Businesses
774
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