946 Hoe Ave APT 5DBronxNY10459
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 946 Hoe Ave APT 5D, Bronx, NY, 10459 in Bronx: $1,425/mo in rent, $256/mo in net income, 9.77% gross yield, 0.52 DSCR, all at $605,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $167,150 in appreciation and $5,572/yr in principal paydown projects total cumulative return of $62,478.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 5.1% |
| Monthly Cash Flow | $256 | $1,850 |
City averages based on Bronx market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,425 |
| Total Monthly Debt Service | $3,799 |
| DSCR Ratio | 0.38x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10459, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,092 (100%) |
| Owner Occupied HU | 1,730 ( 9.1%) |
| Renter Occupied HU | 16,383 (85.8%) |
| Vacant Housing Units | 979 ( 5.1%) |
| Median Home Value | $620,737 |
| Average Home Value | $636,679 |
Housing Distribution
Address Breakdown
Residential
18,156
Single Family
2,583
Multi-Family
15,573
Businesses
950
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10459, Bronx, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,092 (100%) |
| Owner Occupied HU | 1,730 ( 9.1%) |
| Renter Occupied HU | 16,383 (85.8%) |
| Vacant Housing Units | 979 ( 5.1%) |
| Median Home Value | $620,737 |
| Average Home Value | $636,679 |
Housing Distribution
Address Breakdown
Residential
18,156
Single Family
2,583
Multi-Family
15,573
Businesses
950
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices