511 W 232nd St APT E56BronxNY10463
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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 511 W 232nd St APT E56, Bronx, NY, 10463 generates $1,864/mo in rent, after a $1,321/mo payment. Total monthly income is $1,864/mo. Return on cash invested sits at 4.52% in year one, and rental yield is 8.29% on a $269,888 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,565 over five years. Five-year ROI reaches 26.85% and total cumulative return in cash sums $24,026. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,864/mo property income rather than buyer’s personal income.
Condo
Built in 1937
N/A lot
$N/A/sqft
$1,209 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
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