1723 Melville StreetBronxNY10460
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 1723 Melville Street, Bronx, NY, 10460 in Bronx is straightforward: $749,900 in, $5,616/mo in rent, $608/mo out after debt service. The 8.99% gross yield and 1.67 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $207,184 by year five. With $6,907/yr in principal equity, the total cumulative return is projected at $325,100.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 5.1% |
| Monthly Cash Flow | $608 | $1,850 |
City averages based on Bronx market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $5,616 |
| Total Monthly Debt Service | $4,709 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1910
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10460, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,271 (100%) |
| Owner Occupied HU | 2,110 ( 8.3%) |
| Renter Occupied HU | 21,219 (84.0%) |
| Vacant Housing Units | 1,942 ( 7.7%) |
| Median Home Value | $636,538 |
| Average Home Value | $662,245 |
Housing Distribution
Address Breakdown
Residential
23,138
Single Family
2,714
Multi-Family
20,424
Businesses
733
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1910
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10460, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,271 (100%) |
| Owner Occupied HU | 2,110 ( 8.3%) |
| Renter Occupied HU | 21,219 (84.0%) |
| Vacant Housing Units | 1,942 ( 7.7%) |
| Median Home Value | $636,538 |
| Average Home Value | $662,245 |
Housing Distribution
Address Breakdown
Residential
23,138
Single Family
2,714
Multi-Family
20,424
Businesses
733
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices