3044 3rd Avenue #9CBronxNY10451
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.05% yield at 3044 3rd Avenue #9C, Bronx, NY, 10451 in Bronx is solid, but the $1,754/mo payment compresses net cash flow to $12/mo at $390,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $107,750 by year five, and $3,592/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.49) without U.S. income documentation. Total projected return: $149,462.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.1% |
| Monthly Cash Flow | $12 | $1,850 |
City averages based on Bronx market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,616 |
| Total Monthly Debt Service | $2,449 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2006
0.34 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2006
0.34 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices