618 Mead StBronxNY10460
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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
Investment property for sale in Bronx at 618 Mead St, Bronx, NY, 10460 offers a 6.43% rental yield on a $1,200,000 purchase with $6,430/mo rent. 48% in year one. Equity gained on principal adds $7,743/yr while 5% annual appreciation supports $331,538 over five years. Portfolio math shows five-year ROI at 79.67% and total cumulative return in cash at $309,743. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,430/mo property income against a $5,873/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2009
3,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10460, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,271 (100%) |
| Owner Occupied HU | 2,110 ( 8.3%) |
| Renter Occupied HU | 21,219 (84.0%) |
| Vacant Housing Units | 1,942 ( 7.7%) |
| Median Home Value | $636,538 |
| Average Home Value | $662,245 |
Housing Distribution
Address Breakdown
Residential
23,138
Single Family
2,714
Multi-Family
20,424
Businesses
733
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