9 Fordham Hill Oval Unit 7H · New York, NY 10468

$165,000

1 bd · 1.0 ba · 700 sqft · SingleFamily · 258 Days on market

Built 1950 ↓ 27% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.0/30.0
• DSCR +9.9/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Appreciation +5.3/10.0
• Schools +5.0/10.0
• Rent growth +4.2/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Make Fordham Hill Oval your home and enjoy the perks of gated community living in the heart of the Bronx. Nine residential towers make up the complex, surrounded by private greenspace and 24/7 security. Upon entry into 7H you’re immediately greeted by a large, open living space, drenched in natural light from the windows that span the length of the far wall. This 7th floor unit looks out over the University Heights neighborhood with stunning views of the landmarked St. Nicholas of Tolentine Church, allowing you to enjoy the city while maintaining peace and quiet in the sanctuary of your home. The open floor plan can be optimized to your liking with plenty of space for living room furniture, a dining table, home office, and more. The large kitchen boasts a dishwasher, a pantry closet, a custom-built hutch, and a plethora of cabinets for all your storage needs. The bedroom has dual exposures and a sizable closet. The electrical panel has been recently upgraded and a new heating system installed. Fordham Hill Oval is conveniently located between the 4 train at Fordham Road and the Major Deegan Expressway to easily access Manhattan, Queens, and upstate New York. On-site amenities include 24-hour security force, in-building laundry room, a fitness center, playground, and community room. Maintenance fee includes cooking gas, heat, hot water, electric, and basic cable/internet package. Additional $18 per A/C fee charged monthly.

Key facts

• Private greenspace
• Large kitchen
• Open living space

Tags

• GATED COMMUNITY LIVING
• PRIVATE GREENSPACE
• 24 HOUR SECURITY
• OPEN LIVING SPACE
• LARGE KITCHEN
• PANTRY CLOSET

Property features AI

Exterior

• Parking: No carport; Other parking features
• Utilities: Public sewer; Cable connected; Electricity connected; Natural gas connected; Phone connected; Water connected; Sewer connected
• Home design: Stock cooperative
• Construction: Other construction materials; Other foundation details
• Exterior features: Not waterfront; Other exterior features

Interior

• Kitchen: Dishwasher; Refrigerator; Stainless steel appliances; Other kitchen appliances
• Bedrooms: Total rooms: 4
• Bathrooms: 1 full bathroom
• Heating & cooling: Radiant heating; Wall/window air conditioning unit(s); Other heating
• Interior features: Elevator; Granite counters; Pantry; Other interior features

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $515 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising fast (+6.7%/yr); 122 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $2,095/mo this rent would consume 54% of the median local household income ($46k/yr) (locally 9659% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $2k of equity ($1k loan paydown + $831 appreciation (0.5% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.5% appreciation + 6.7% rent growth), your $46k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 258 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 258 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 10.04%
• Cash-on-cash: 13.37%
• DSCR: 1.59
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.5% appreciation · 6.7% rent growth · sell at horizon

5-year hold

• IRR: 16.9%
• Equity multiple: 1.87×
• Total profit: $40,014
• Equity at exit: $52,109

10-year hold

• IRR: 23.1%
• Equity multiple: 4.01×
• Total profit: $139,197
• Equity at exit: $66,093

Cash invested: $46,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 10468

• Home prices YoY: 0.2%
• Rents YoY: 6.7%
• Active inventory: 122
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,095 medium
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,475/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$440
• Net cashflow: $515

Break-even live

Break-even rent $1,443

Max offer price $165,000

Occupancy floor 70%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2600 Netherland Ave Bronx, NY	1.0–3.0	1.0–2.5	1132	$2,775	$2.45	21d	3	1.08mi

Listing history 18 events

1. 2026-06-18
   days on market $165,000 Active 258 DOM
2. 2026-06-17
   days on market $165,000 Active 257 DOM
3. 2026-06-15
   days on market $165,000 Active 255 DOM
4. 2026-06-13
   days on market $165,000 Active 253 DOM
5. 2026-06-10
   days on market $165,000 Active 249 DOM
6. 2026-06-08
   days on market $165,000 Active 248 DOM
7. 2026-06-03
   days on market $165,000 Active 243 DOM
8. 2026-06-01
   days on market $165,000 Active 241 DOM
9. 2026-05-31
   days on market $165,000 Active 240 DOM
10. 2026-03-23
    price $165,000
11. 2026-03-22
    price $165,000 1451-char remark

    Show marketing remark (1451 chars)

    Make Fordham Hill Oval your home and enjoy the perks of gated community living in the heart of the Bronx. Nine residential towers make up the complex, surrounded by private greenspace and 24/7 security. Upon entry into 7H you’re immediately greeted by a large, open living space, drenched in natural light from the windows that span the length of the far wall. This 7th floor unit looks out over the University Heights neighborhood with stunning views of the landmarked St. Nicholas of Tolentine Church, allowing you to enjoy the city while maintaining peace and quiet in the sanctuary of your home. The open floor plan can be optimized to your liking with plenty of space for living room furniture, a dining table, home office, and more. The large kitchen boasts a dishwasher, a pantry closet, a custom-built hutch, and a plethora of cabinets for all your storage needs. The bedroom has dual exposures and a sizable closet. The electrical panel has been recently upgraded and a new heating system installed. Fordham Hill Oval is conveniently located between the 4 train at Fordham Road and the Major Deegan Expressway to easily access Manhattan, Queens, and upstate New York. On-site amenities include 24-hour security force, in-building laundry room, a fitness center, playground, and community room. Maintenance fee includes cooking gas, heat, hot water, electric, and basic cable/internet package. Additional $18 per A/C fee charged monthly.

12. 2025-10-02
    listed $175,000 Active

    Show marketing remark (1451 chars)

    Make Fordham Hill Oval your home and enjoy the perks of gated community living in the heart of the Bronx. Nine residential towers make up the complex, surrounded by private greenspace and 24/7 security. Upon entry into 7H you’re immediately greeted by a large, open living space, drenched in natural light from the windows that span the length of the far wall. This 7th floor unit looks out over the University Heights neighborhood with stunning views of the landmarked St. Nicholas of Tolentine Church, allowing you to enjoy the city while maintaining peace and quiet in the sanctuary of your home. The open floor plan can be optimized to your liking with plenty of space for living room furniture, a dining table, home office, and more. The large kitchen boasts a dishwasher, a pantry closet, a custom-built hutch, and a plethora of cabinets for all your storage needs. The bedroom has dual exposures and a sizable closet. The electrical panel has been recently upgraded and a new heating system installed. Fordham Hill Oval is conveniently located between the 4 train at Fordham Road and the Major Deegan Expressway to easily access Manhattan, Queens, and upstate New York. On-site amenities include 24-hour security force, in-building laundry room, a fitness center, playground, and community room. Maintenance fee includes cooking gas, heat, hot water, electric, and basic cable/internet package. Additional $18 per A/C fee charged monthly.

13. 2025-10-02
    listed $175,000 Active 1451-char remark

    Show marketing remark (1451 chars)

    Make Fordham Hill Oval your home and enjoy the perks of gated community living in the heart of the Bronx. Nine residential towers make up the complex, surrounded by private greenspace and 24/7 security. Upon entry into 7H you’re immediately greeted by a large, open living space, drenched in natural light from the windows that span the length of the far wall. This 7th floor unit looks out over the University Heights neighborhood with stunning views of the landmarked St. Nicholas of Tolentine Church, allowing you to enjoy the city while maintaining peace and quiet in the sanctuary of your home. The open floor plan can be optimized to your liking with plenty of space for living room furniture, a dining table, home office, and more. The large kitchen boasts a dishwasher, a pantry closet, a custom-built hutch, and a plethora of cabinets for all your storage needs. The bedroom has dual exposures and a sizable closet. The electrical panel has been recently upgraded and a new heating system installed. Fordham Hill Oval is conveniently located between the 4 train at Fordham Road and the Major Deegan Expressway to easily access Manhattan, Queens, and upstate New York. On-site amenities include 24-hour security force, in-building laundry room, a fitness center, playground, and community room. Maintenance fee includes cooking gas, heat, hot water, electric, and basic cable/internet package. Additional $18 per A/C fee charged monthly.

14. 2025-03-29
    historical
15. 2024-12-20
    status Active
16. 2024-10-21
    price $200,000
17. 2024-10-21
    price $200,000
18. 2024-06-28
    listed $225,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,137
• − Mortgage interest: −$9,243
• − Property taxes: −$2,475
• − Insurance: −$825
• − Repairs & maintenance: −$2,011
• − Management: −$2,011
• − Depreciation: −$4,800
• Taxable income: $3,773
• Est. tax owed @ 24.0%: −$906
• After-tax cash flow: $5,270/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: Bronx County · 1,197,324 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 75,557
• Household income: $46,233
• Rent vs Own: 91.5% rent · 8.5% own
• Severe rent burden: 9659.0

Population outlook (Bronx County) Hauer SSP2

• Today (2025): 1,607,353 people
• By 2030: 1,681,852 · +4.6%
• By 2040: 1,824,421 · +13.5%
• By 2050: 1,945,470 · +21.0%
• By 2075: 2,187,887 · +36.1%
• By 2100: 2,244,136 · +39.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (76%)
• Race & ethnicity: Hispanic / Latino 76% Black 17% Two or more races 15% White 3% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 10% Puerto Rican 11% Dominican 45%
• Common ancestry: Hispanic 1%
• Foreign-born: 46% · Canada, Vietnam, Jamaica
• Languages at home: 22% English-only · Spanish 69% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Bronx

• 2024 margin: Solid D (+45.4) · D 72.7% · R 27.3%
• 2008→2024 swing: -32.3pp toward R · 2008: 77.8pp · 2024: 45.4pp
• All cycles: 2024: D+45.4 2020: D+67.6 2016: D+79.1 2012: D+82.9 2008: D+77.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.50%
• Current HPI: 249.8923
• Rent YoY: ▲ 6.70%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

-26.7% since first listed

9 events — show timeline

• 2026-03-23 Price Changed $165,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-22 Price Changed $165,000 RLS at REBNY
• 2025-10-02 Listed $175,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-02 Listed $175,000 RLS at REBNY
• 2025-03-29 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-12-20 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-10-21 Price Changed $200,000 RLS at REBNY
• 2024-10-21 Price Changed $200,000 OneKey® MLS as Distributed by MLS Grid
• 2024-06-28 Listed $225,000 OneKey® MLS as Distributed by MLS Grid