3130 Grand Concourse APT 2JBronxNY10458
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
Investment Highlights
Investment property for sale in Bronx at 3130 Grand Concourse APT 2J, Bronx, NY, 10458 offers a 8.17% rental yield on a $385,000 purchase with $2,621/mo rent. Total monthly income registers $2,621/mo, and a $1,884/mo payment leaves $50/mo available for distribution. Annual cash flow reaches $605/yr on $127,628 to close, and return on cash invested stands at 20.38% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 106.05% and total cumulative return in cash at $135,346. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,621/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10458, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,326 (100%) |
| Owner Occupied HU | 1,420 ( 4.7%) |
| Renter Occupied HU | 27,011 (89.1%) |
| Vacant Housing Units | 1,895 ( 6.2%) |
| Median Home Value | $580,224 |
| Average Home Value | $605,466 |
Housing Distribution
Address Breakdown
Residential
28,546
Single Family
2,104
Multi-Family
26,442
Businesses
1,349
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices