690 E 240th StreetBronxNY10470
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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 690 E 240th Street, Bronx, NY, 10470 earns $732/mo cash flow from $4,532/mo rent with a $2,785/mo payment. Total monthly income totals $4,532/mo, and annual cash flow totals $8,787/yr on $187,201 capital. ROI tracks 24.75% on current figures, and rental yield reads 9.56% at a $569,000 purchase. Equity gained on principal adds $3,672/yr, and 5% annual appreciation supports $157,204 over five years. Five-year ROI reaches 129.46% and total cumulative return in cash sums $242,351. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,532/mo property income instead of your personal income.
Single Family
Built in 1925
1,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10470, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,588 (100%) |
| Owner Occupied HU | 2,094 (27.6%) |
| Renter Occupied HU | 4,923 (64.9%) |
| Vacant Housing Units | 571 ( 7.5%) |
| Median Home Value | $622,292 |
| Average Home Value | $599,358 |
Housing Distribution
Address Breakdown
Residential
5,951
Single Family
2,418
Multi-Family
3,533
Businesses
412
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