640 W 231st Street #1FBronxNY10463
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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 640 W 231st Street #1F, Bronx, NY, 10463 earns $21/mo cash flow from $2,525/mo rent with a $1,835/mo payment. Total monthly income totals $2,525/mo, and annual cash flow totals $255/yr on $124,313 capital. ROI tracks 20.11% on current figures, and rental yield reads 8.08% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 104.6% and total cumulative return in cash sums $130,035. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,525/mo property income instead of your personal income.
Condo
Built in 1953
0.78 Acres lot
$N/A/sqft
No 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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