2465 Palisade Ave APT 7HBronxNY10463
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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 2465 Palisade Ave APT 7H, Bronx, NY, 10463 uses $84,533 cash to close to unlock $1,467/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $1,825/mo, and a $1,248/mo payment keeps the spread at $122/mo. Purchase price stands at $255,000, and rental yield measures 8.59% with $1,825/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 112.82% and total cumulative return in cash records $95,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,825/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1958
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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