924 Olmstead AveBronxNY10473
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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 924 Olmstead Ave, Bronx, NY, 10473 offers a 6.83% rental yield on a $598,000 purchase with $3,406/mo rent. 48% in year one. Equity gained on principal adds $3,859/yr while 5% annual appreciation supports $165,216 over five years. Portfolio math shows five-year ROI at 85.05% and total cumulative return in cash at $167,336. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,406/mo property income against a $2,927/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10473, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,362 (100%) |
| Owner Occupied HU | 5,827 (24.9%) |
| Renter Occupied HU | 16,612 (71.1%) |
| Vacant Housing Units | 923 ( 4.0%) |
| Median Home Value | $602,533 |
| Average Home Value | $617,803 |
Housing Distribution
Address Breakdown
Residential
19,923
Single Family
6,455
Multi-Family
13,468
Businesses
452
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