829 Adee Avenue #2LBronxNY10467
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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 829 Adee Avenue #2L, Bronx, NY, 10467 uses $53,040 cash to close to unlock $1,676/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $1,208/mo, and a $783/mo payment keeps the spread at $140/mo. Purchase price stands at $159,999, and rental yield measures 9.06% with $1,208/mo rent. Return on cash invested shows 23.07% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 120.43% and total cumulative return in cash records $63,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,208/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10467, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,842 (100%) |
| Owner Occupied HU | 5,107 (12.8%) |
| Renter Occupied HU | 32,580 (81.8%) |
| Vacant Housing Units | 2,155 ( 5.4%) |
| Median Home Value | $543,832 |
| Average Home Value | $505,356 |
Housing Distribution
Address Breakdown
Residential
36,836
Single Family
4,583
Multi-Family
32,253
Businesses
1,592
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