860 Grand Concourse APT 4IBronxNY10451
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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 860 Grand Concourse APT 4I, Bronx, NY, 10451 offers a 11.17% rental yield on a $314,000 purchase with $2,924/mo rent. 2% in year one. Equity gained on principal adds $2,026/yr while 5% annual appreciation supports $86,752 over five years. Portfolio math shows five-year ROI at 68.41% and total cumulative return in cash at $71,211. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,924/mo property income against a $1,537/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1940
871.20 sqft lot
$N/A/sqft
$1,496 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10451, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,134 (100%) |
| Owner Occupied HU | 2,593 (11.2%) |
| Renter Occupied HU | 18,764 (81.1%) |
| Vacant Housing Units | 1,777 ( 7.7%) |
| Median Home Value | $288,032 |
| Average Home Value | $343,737 |
Housing Distribution
Address Breakdown
Residential
22,465
Single Family
725
Multi-Family
21,740
Businesses
1,144
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Listed by: Michael Santangelo • Robert DeFalco Realty, Inc.
Mls Name: SIBOR
Mls Provider:
Mls ID: #2500537
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