8 Deepwater Way #63BronxNY10464
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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 8 Deepwater Way #63, Bronx, NY, 10464 uses $254,975 cash to close to unlock $8,675/yr annual cash flow and $723/mo monthly cash flow. Total monthly income runs $5,898/mo, and a $3,793/mo payment keeps the spread at $723/mo. Purchase price stands at $775,000, and rental yield measures 9.13% with $5,898/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 122.5% and total cumulative return in cash records $312,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,898/mo property income covering a $3,793/mo payment rather than investor’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10464, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,202 (100%) |
| Owner Occupied HU | 1,116 (50.7%) |
| Renter Occupied HU | 918 (41.7%) |
| Vacant Housing Units | 168 ( 7.6%) |
| Median Home Value | $707,046 |
| Average Home Value | $778,804 |
Housing Distribution
Address Breakdown
Residential
1,966
Single Family
1,560
Multi-Family
406
Businesses
220
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