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BRR Yield Up to 6%, Rent Hits $3,820
Updated 11 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows strong potential as a turnkey rental. Based on local market data, monthly income is estimated to range between $2,848 and $3,354, positioning it well for consistent cash flow in the Bronx. With an attractive rental yield of approximately 6.46% and a healthy projected annual appreciation of over $38,600, this unit offers a compelling opportunity for investors seeking steady returns and long-term wealth growth in 10465.
More about this home
Neighborhood Assessment
3233 Glennon Pl sits in Throggs Neck, Bronx—a solid B-class neighborhood with steady appeal. You've got PS 72 (4/10 rating) nearby, plus middling middle and high schools within 2 miles. Comp homes on Glennon Pl zestimate 480K-627K, showing stable values around **576K** for this 918 sqft single-family. Walkability's decent with local shops, but flood and wind risks are major—insurance could sting. It's working-class reliable, you know? Neighborhood's got that classic Bronx grit mixed with community pride. Nearby comp at 3229 Glennon Pl lists for 525K—active market means quick turns if priced right. No big developments popping, but Throggs Neck's proximity to NYC jobs keeps demand humming.
Market Activity
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Rental Income
$37K
Yield
6.5%
Appreciation
$39K
Year 1 Estimates
Fix-and-Flip
Fresh updates create a compelling lifestyle edge, boosting price per square foot to 831 dollars compared to 820 dollars for standard homes. This modest 1.3 percent lift helps your property shine while capturing higher monthly rental income. Investing in these improvements adds nearly 10,000 dollars in immediate value and secures long-term appreciation. These upgrades refresh your space, making it a standout choice that appeals to quality tenants and future buyers alike. Smart, targeted enhancements work.
Value Add
$10K
Appreciation
$51K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid potential with an estimated post-renovation value between $720,000 and $796,000. Leveraging market trends ensures a stable asset, though the modest 1.3% price uplift from renovations suggests focusing on smart, cost-effective upgrades. Projected monthly rental income reaches $3,820, delivering a 6% yield. Combined with an annual appreciation of roughly $50,813, this investment provides a balanced approach to long-term wealth building in a competitive, high-demand neighborhood environment.
Rental Income
$46K
Yield
6.0%
Appreciation
$51K
Year 1 Estimates, Post Typical Renovation
Estimated value
$576K
$16.3K below comp median
Comparative Market Analysis
$399K – $730K
~252 days to sell
Based on 8 comps
3233 Glennon Pl, Bronx Investment Report: Flip & Rental Analysis · Frontflip