423 Olmstead AveBronxNY10473
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 423 Olmstead Ave, Bronx, NY, 10473 in Bronx at $650,000. Rental yield 7.69%. The 7.69% yield and 1.42 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $179,583 by year five, and $5,987/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $236,543.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 5.1% |
| Monthly Cash Flow | $(175) | $1,850 |
City averages based on Bronx market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,165 |
| Total Monthly Debt Service | $4,082 |
| DSCR Ratio | 1.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10473, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,362 (100%) |
| Owner Occupied HU | 5,827 (24.9%) |
| Renter Occupied HU | 16,612 (71.1%) |
| Vacant Housing Units | 923 ( 4.0%) |
| Median Home Value | $602,533 |
| Average Home Value | $617,803 |
Housing Distribution
Address Breakdown
Residential
19,923
Single Family
6,455
Multi-Family
13,468
Businesses
452
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
Single Family
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10473, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,362 (100%) |
| Owner Occupied HU | 5,827 (24.9%) |
| Renter Occupied HU | 16,612 (71.1%) |
| Vacant Housing Units | 923 ( 4.0%) |
| Median Home Value | $602,533 |
| Average Home Value | $617,803 |
Housing Distribution
Address Breakdown
Residential
19,923
Single Family
6,455
Multi-Family
13,468
Businesses
452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices