2220 E Tremont Avenue #7FBronxNY10462
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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 Bronx at 2220 E Tremont Avenue #7F, Bronx, NY, 10462 uses $114,368 cash to close to unlock $357/yr annual cash flow and $30/mo monthly cash flow. Total monthly income runs $2,334/mo, and a $1,689/mo payment keeps the spread at $30/mo. Purchase price stands at $345,000, and rental yield measures 8.12% with $2,334/mo rent. Return on cash invested shows 20.22% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 105.16% and total cumulative return in cash records $120,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,334/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Condo
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10462, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,610 (100%) |
| Owner Occupied HU | 6,555 (20.1%) |
| Renter Occupied HU | 24,363 (74.7%) |
| Vacant Housing Units | 1,692 ( 5.2%) |
| Median Home Value | $502,797 |
| Average Home Value | $518,304 |
Housing Distribution
Address Breakdown
Residential
29,637
Single Family
4,897
Multi-Family
24,740
Businesses
1,437
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