2 Fordham Hill Oval #2BBronxNY10468
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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 2 Fordham Hill Oval #2B, Bronx, NY, 10468 priced at $225,000 converts $2,075/mo rent into $573/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,075/mo, and annual cash flow totals $6,873/yr on $74,588 invested. Return on cash invested prints 29.12% in year one, and rental yield reads 11.07% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 152.92% and total cumulative return in cash sums $114,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,075/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10468, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,718 (100%) |
| Owner Occupied HU | 2,426 ( 8.8%) |
| Renter Occupied HU | 23,554 (85.0%) |
| Vacant Housing Units | 1,738 ( 6.3%) |
| Median Home Value | $281,861 |
| Average Home Value | $421,685 |
Housing Distribution
Address Breakdown
Residential
26,911
Single Family
979
Multi-Family
25,932
Businesses
912
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