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12
Your Investment Paths
Turnkey Rental
The property at 1183 Grenada Place shows excellent rental potential. Based on neighborhood trends, monthly income is estimated to range between $3,551 and $3,912, positioning it as a highly competitive asset for your portfolio. With an impressive projected yield of 9.33%, this investment offers significant cash flow potential. When combined with an annual market-rate appreciation of over $37,600, this property stands out as a compelling, high-performing turnkey opportunity.
Rental Income
$45K
Yield
9.3%
Appreciation
$38K
Year 1 Estimates
Fix-and-Flip
Refreshing your home creates a vibrant living experience that captivates potential buyers. While market data shows a price per square foot of $418 versus $484, these personal enhancements often unlock hidden lifestyle appeal and modern comfort. Prioritizing custom touches helps your property shine, even if the direct return on investment varies. With a solid rent potential around $3,936, these upgrades remain a fantastic way to enjoy your space while building long-term value.
Comps
11
Buy-Rehab-Rent
This property shows solid rental potential with monthly income projected at $3,913, resulting in an attractive 9.0% yield. Post-renovation values are expected to range between $494,000 and $546,000, providing a clear target for exit or refinancing strategies. Strong market demand supports this investment, backed by an estimated annual appreciation of $40,754. With stable rental returns and reliable projected market value growth, this asset represents a practical and promising addition to a BRR portfolio.
Rental Income
$47K
Yield
9.0%
Appreciation
$41K
Year 1 Estimates, Post Typical Renovation
More about this home
Neighborhood Assessment
Edenwald offers a primarily residential setting with nearby grocery options and local schools, though school ratings in the supplied data are mixed. Recent neighborhood activity shows demand for three-bedroom homes: a nearby 1,188-square-foot home sold for about $580K in May 2026, while other listings and sales span a wide range depending on condition and size. NYCHA’s Edenwald Houses rehabilitation is a significant local investment, but its effect on nearby single-family values is uncertain.
Market Activity
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Asking price
$480K
$188.6K below comp median
Comparative Market Analysis
$540K – $765K
~162 days to sell
Based on 8 comps
1183 Grenada Place, Bronx Investment Report: Flip & Rental Analysis · Frontflip