3840 Greystone Avenue #5LBronxNY10463
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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 3840 Greystone Avenue #5L, Bronx, NY, 10463 priced at $323,000 converts $2,239/mo rent into $82/mo cash flow after a $1,581/mo obligation. Total monthly income equals $2,239/mo, and annual cash flow totals $984/yr on $107,075 invested. Return on cash invested prints 20.83% in year one, and rental yield reads 8.32% against a $323,000 entry. Equity gained on principal adds $2,084/yr, while 5% annual appreciation compiles into $89,239 by year five. Five-year ROI reaches 108.38% and total cumulative return in cash sums $116,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,239/mo property income covering a $1,581/mo payment, not borrower’s personal income.
Condo
Built in 1951
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10463, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,232 (100%) |
| Owner Occupied HU | 9,427 (29.2%) |
| Renter Occupied HU | 20,743 (64.4%) |
| Vacant Housing Units | 2,062 ( 6.4%) |
| Median Home Value | $514,647 |
| Average Home Value | $555,088 |
Housing Distribution
Address Breakdown
Residential
29,723
Single Family
2,117
Multi-Family
27,606
Businesses
981
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