3044 3rd Ave APT 6DBronxNY10451
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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 3044 3rd Ave APT 6D, Bronx, NY, 10451 offers a 9.87% rental yield on a $398,979 purchase with $3,283/mo rent. Total monthly income registers $3,283/mo, and a $1,953/mo payment leaves $618/mo available for distribution. Annual cash flow reaches $7,422/yr on $132,262 to close, and return on cash invested stands at 25.52% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,231 over five years. Portfolio math shows five-year ROI at 133.59% and total cumulative return in cash at $176,683. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,283/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10451, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,134 (100%) |
| Owner Occupied HU | 2,593 (11.2%) |
| Renter Occupied HU | 18,764 (81.1%) |
| Vacant Housing Units | 1,777 ( 7.7%) |
| Median Home Value | $288,032 |
| Average Home Value | $343,737 |
Housing Distribution
Address Breakdown
Residential
22,465
Single Family
725
Multi-Family
21,740
Businesses
1,144
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