2390 Palisade Ave APT 6EBronxNY10463
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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 2390 Palisade Ave APT 6E, Bronx, NY, 10463 uses $205,625 cash to close to unlock $15,173/yr annual cash flow and $1,264/mo monthly cash flow. Total monthly income runs $5,438/mo, and a $3,059/mo payment keeps the spread at $1,264/mo. Purchase price stands at $625,000, and rental yield measures 10.44% with $5,438/mo rent. Return on cash invested shows 27.44% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 143.84% and total cumulative return in cash records $295,765. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,438/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
No 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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