3046 Coddington AveBronxNY10461
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 3046 Coddington Ave, Bronx, NY, 10461 in Bronx. Priced at $456,000, it generates $3,988/mo in gross rent and $943/mo in net monthly cash flow, a 10.49% yield that comfortably supports the 1.95 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $11,310. Five-year appreciation: $125,984. Equity from principal paydown: $4,200/yr. Total projected cumulative return: $234,590.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.1% |
| Monthly Cash Flow | $943 | $1,850 |
City averages based on Bronx market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,988 |
| Total Monthly Debt Service | $2,864 |
| DSCR Ratio | 1.39x |
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.
Multi Family
Built in 1925
1,869 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10461, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,628 (100%) |
| Owner Occupied HU | 5,871 (27.1%) |
| Renter Occupied HU | 14,560 (67.3%) |
| Vacant Housing Units | 1,197 ( 5.5%) |
| Median Home Value | $687,452 |
| Average Home Value | $717,539 |
Housing Distribution
Address Breakdown
Residential
18,179
Single Family
7,979
Multi-Family
10,200
Businesses
1,680
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
Multi Family
Built in 1925
1,869 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10461, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,628 (100%) |
| Owner Occupied HU | 5,871 (27.1%) |
| Renter Occupied HU | 14,560 (67.3%) |
| Vacant Housing Units | 1,197 ( 5.5%) |
| Median Home Value | $687,452 |
| Average Home Value | $717,539 |
Housing Distribution
Address Breakdown
Residential
18,179
Single Family
7,979
Multi-Family
10,200
Businesses
1,680
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices