340 E 234th Street, Bronx, NY, 10470 | 2.54% Rental Yield

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340 E 234th Street, Bronx, NY, 10470 | 2.54% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bronx at 340 E 234th Street, Bronx, NY, 10470 listed at $1,475,000 pairs $3,120/mo rent with a $7,219/mo payment. Total monthly income runs $3,120/mo. Return on cash invested measures 3.47% in year one, and rental yield registers 2.54% at a $1,475,000 basis. Equity gained on principal adds $9,518/yr, and annual property appreciation at 5% supports $407,515 by year five. Five-year ROI tracks 15.26% and total cumulative return in cash totals $72,910. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,120/mo property income relative to a $7,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1910

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover this beautifully renovated multi-unit residence located in the highly sought-after Woodlawn neighborhood. Offering 2,385 square feet of living space, this impressive property presents an exceptional opportunity for both end-users and investors. The first unit features a spacious layout with five bedrooms and three full bathrooms, providing ample room for comfortable living. The second unit includes three bedrooms and two full bathrooms, ideal for guests, rental income, or additional living arrangements. A fully finished basement adds even more versatility, offering space that can be used for recreation, storage, or expanded living options. Completing the property is a private driveway, providing convenient and secure off-street parkingan invaluable asset in this desirable Bronx location. This renovated residence blends modern upgrades with flexible layout possibilities, making it a standout opportunity in Woodlawn.

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