2420 Morris Ave APT 1ABronxNY10468
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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 2420 Morris Ave APT 1A, Bronx, NY, 10468 offers a 9.63% rental yield on a $173,000 purchase with $1,388/mo rent. 72% in year one. Equity gained on principal adds $1,116/yr while 5% annual appreciation supports $47,797 over five years. Portfolio math shows five-year ROI at 44.36% and total cumulative return in cash at $25,443. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,388/mo property income against a $847/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$815 monthly 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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