2853 Ely Avenue #3BronxNY10469
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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 2853 Ely Avenue #3, Bronx, NY, 10469 listed at $465,000 pairs $3,900/mo rent with a $2,276/mo payment to leave $795/mo cash flow. Total monthly income runs $3,900/mo, and annual cash flow reaches $9,537/yr on $154,148 cash to close. Return on cash invested measures 26.1% in year one, and rental yield registers 10.06% at a $465,000 basis. Equity gained on principal adds $3,001/yr, and annual property appreciation at 5% supports $128,471 by year five. Five-year ROI tracks 136.65% and total cumulative return in cash totals $210,647. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,900/mo property income relative to a $2,276/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10469, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,187 (100%) |
| Owner Occupied HU | 10,051 (41.6%) |
| Renter Occupied HU | 12,655 (52.3%) |
| Vacant Housing Units | 1,481 ( 6.1%) |
| Median Home Value | $666,947 |
| Average Home Value | $674,169 |
Housing Distribution
Address Breakdown
Residential
18,172
Single Family
12,726
Multi-Family
5,446
Businesses
936
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