2390 Palisade Ave APT 3ABronxNY10463
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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 2390 Palisade Ave APT 3A, Bronx, NY, 10463 priced at $389,000 converts $6,012/mo rent into $1,986/mo cash flow after a $1,904/mo obligation. Total monthly income equals $6,012/mo, and annual cash flow totals $23,835/yr on $128,954 invested. Return on cash invested prints 38.39% in year one, and rental yield reads 18.55% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 207.44% and total cumulative return in cash sums $267,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,012/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
$1,428 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10463, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,232 (100%) |
| Owner Occupied HU | 9,427 (29.2%) |
| Renter Occupied HU | 20,743 (64.4%) |
| Vacant Housing Units | 2,062 ( 6.4%) |
| Median Home Value | $514,647 |
| Average Home Value | $555,088 |
Housing Distribution
Address Breakdown
Residential
29,723
Single Family
2,117
Multi-Family
27,606
Businesses
981
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