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$1,300,000

For Sale - Active
1677 Eastburn Ave, Bronx, NY 10457
6 Beds
2 Baths
2,721 Square Feet
0.05 Acres Lot
Built in 1920
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Jul 11, 2025 at 11:49PM

Investment Summary


Monthly Cash Flow
-$4,417
Cap Rate
2.0%
Cash-on-Cash Return
-17.7%
Debt Coverage Ratio
0.33
Internal Rate of Return (5 years)
-13.1%

Property Description


0.05 Acres Lot
Built in 1920
For Sale - Active
Units n/a

This multi-family home is located at 1677 Eastburn Ave, Bronx, NY. 1677 Eastburn Ave is in the Concourse neighborhood in Bronx, NY and in ZIP code 10457. This property is approximately 2721 Sq. Feet of which the first floor has 1370 Sq. Feet, and the second floor is 1351 Sq. Feet. The property has a shared driveway and parking for two vehicles in the back. Central heat and air-conditioning which is electric. Units in every room. There is no gas furnace. This has already been converted. This property has a lot size of over 2375 square feet and was built in 1920. With expansion possibilities up to eight floors, like 1681 Eastburn Ave, it is a compelling offer. It is just a short distance from the Bronx Care Health System (Formerly Bronx Lebanon).

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Location


Property Details


Parking

  • Description: Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 10
  • Basement: Yes
  • Basement Description: Full

Land Information

  • Land Use: Residential
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 027940061
  • Lot Size: 2375 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 1920

Tax Information

  • Annual Tax: $3,921

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Electric

Location

  • County: Bronx

Listing Details


Listed by:
Sixto Lebron
Weichert New Homes Co
(845) 461-0454

Source:
OneKey MLS
MLS#: 829001
OneKey MLS

Investment Summary


Monthly Cash Flow
-$4,417
Cap Rate
2.0%
Cash-on-Cash Return
-17.7%
Debt Coverage Ratio
0.33
Internal Rate of Return (5 years)
-13.1%

Purchase Details

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Purchase price:
$1,300,000
Amount financed:
-$1,040,000
Down payment:
$260,000
Closing costs:
$39,000
Rehab costs:
$0
Initial cash invested:
$299,000
Square feet:
2,721
Cost per square foot:
$478
Monthly rent per square foot:
$1.32

Financing Details

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Loan amount:
$1,040,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$6,574
Property tax:
$327
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,153

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$327-$3,921
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$1,227-$14,721

Cash Flow


Monthly Yearly
Net operating income:
$2,157 $25,884
Mortgage payments:
-$6,574 -$78,888
Cash flow:
$4,417 $53,004