3901 Independence Ave APT 1RBronxNY10463
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
Rental property for sale in Bronx at 3901 Independence Ave APT 1R, Bronx, NY, 10463 priced at $450,000 pairs $6,456/mo rent with $2,167/mo cash flow after a $2,203/mo payment. Total monthly income equals $6,456/mo, and annual cash flow comes to $25,998/yr on $149,175 invested. Return on cash invested is 37.34% in year one, and rental yield stands at 17.22% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 200.69% and total cumulative return in cash reaches $299,382. For financing, Ziffy Mortgage’s DSCR program evaluates $6,456/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1963
N/A lot
$N/A/sqft
$1,284 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices