824 Palmer #2DBronxvilleNY10708
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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 Bronxville at 824 Palmer #2D, Bronxville, NY, 10708 offers a 8.22% rental yield on a $269,900 purchase with $1,849/mo rent. Total monthly income registers $1,849/mo, and a $1,321/mo payment leaves $47/mo available for distribution. Annual cash flow reaches $560/yr on $89,472 to close, and return on cash invested stands at 20.54% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 106.86% and total cumulative return in cash at $95,610. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,849/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1932
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10708, Bronxville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,669 (100%) |
| Owner Occupied HU | 7,502 (70.3%) |
| Renter Occupied HU | 2,458 (23.0%) |
| Vacant Housing Units | 709 ( 6.6%) |
| Median Home Value | $708,232 |
| Average Home Value | $856,008 |
Housing Distribution
Address Breakdown
Residential
9,679
Single Family
3,877
Multi-Family
5,802
Businesses
585
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Listed by: Sherry Wiggs • Houlihan Lawrence Inc.
Mls Name: OneKey MLS
Mls ID: #826044