1050 Morris AveBronxNY10456
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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 1050 Morris Ave, Bronx, NY, 10456 generates $3,086/mo in rent, after a $6,240/mo payment. Total monthly income is $3,086/mo. Return on cash invested sits at 4.6% in year one, and rental yield is 2.9% on a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation builds toward $352,259 over five years. Five-year ROI reaches 21.33% and total cumulative return in cash sums $88,106. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,086/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10456, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,788 (100%) |
| Owner Occupied HU | 2,328 ( 6.9%) |
| Renter Occupied HU | 29,787 (88.2%) |
| Vacant Housing Units | 1,673 ( 5.0%) |
| Median Home Value | $486,207 |
| Average Home Value | $526,873 |
Housing Distribution
Address Breakdown
Residential
31,503
Single Family
2,498
Multi-Family
29,005
Businesses
1,057
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