317 E 242nd StreetBronxNY10470
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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
Rental property for sale in Bronx at 317 E 242nd Street, Bronx, NY, 10470 generates $4,532/mo in rent, after a $3,916/mo payment. Total monthly income is $4,532/mo. Return on cash invested sits at 16.36% in year one, and rental yield is 6.8% on a $799,999 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 84.46% and total cumulative return in cash sums $222,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,532/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
3,204 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10470, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,588 (100%) |
| Owner Occupied HU | 2,094 (27.6%) |
| Renter Occupied HU | 4,923 (64.9%) |
| Vacant Housing Units | 571 ( 7.5%) |
| Median Home Value | $622,292 |
| Average Home Value | $599,358 |
Housing Distribution
Address Breakdown
Residential
5,951
Single Family
2,418
Multi-Family
3,533
Businesses
412
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