510 E 188th StBronxNY10458
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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 510 E 188th St, Bronx, NY, 10458 generates $3,563/mo in rent, after a $5,785/mo payment. Total monthly income is $3,563/mo. Return on cash invested sits at 6.8% in year one, and rental yield is 3.62% on a $1,182,000 entry. Equity gained on principal adds $7,627/yr, while 5% annual appreciation builds toward $326,565 over five years. Five-year ROI reaches 33.13% and total cumulative return in cash sums $126,864. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,563/mo property income rather than buyer’s personal income.
Multi Family
Built in 1901
1,899 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10458, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,326 (100%) |
| Owner Occupied HU | 1,420 ( 4.7%) |
| Renter Occupied HU | 27,011 (89.1%) |
| Vacant Housing Units | 1,895 ( 6.2%) |
| Median Home Value | $580,224 |
| Average Home Value | $605,466 |
Housing Distribution
Address Breakdown
Residential
28,546
Single Family
2,104
Multi-Family
26,442
Businesses
1,349
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