1470 Midland Avenue #3MBronxvilleNY10708
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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
Investment property for sale in Bronxville at 1470 Midland Avenue #3M, Bronxville, NY, 10708 uses $105,749 cash to close to unlock $121/yr annual cash flow and $10/mo monthly cash flow. Total monthly income runs $2,140/mo, and a $1,561/mo payment keeps the spread at $10/mo. Purchase price stands at $319,000, and rental yield measures 8.05% with $2,140/mo rent. Return on cash invested shows 20.02% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 104.14% and total cumulative return in cash records $110,125. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,140/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Condo
Built in 1928
24,054 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10708, Bronxville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,669 (100%) |
| Owner Occupied HU | 7,502 (70.3%) |
| Renter Occupied HU | 2,458 (23.0%) |
| Vacant Housing Units | 709 ( 6.6%) |
| Median Home Value | $708,232 |
| Average Home Value | $856,008 |
Housing Distribution
Address Breakdown
Residential
9,679
Single Family
3,877
Multi-Family
5,802
Businesses
585
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Listed by: Giorgio Palmisano • Howard Hanna Rand Realty
Mls Name: OneKey MLS
Mls ID: #911837