555 Kappock Ave Unit 21K · New York, NY 10463

$235,000

1 bd · 1.0 ba · 800 sqft · Condo · 15 Days on market

Built 1966 Good condition

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Cash flow +4.1/30.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Perched on a high floor, this one bedroom boasts glorious, sunset Hudson River views!! Not to be missed. This great apartment also features numerous and generously sized closets, parquet wood floors, and charming details. This is unit is in River Point Towers- a full-service luxury building boasting many amenities: 24-hour concierge, Seasonal outdoor pool, Outdoor patio area, Indoor waiting area, Package room, Community room and Fitness room (extra fee). Utilities include gas, electric, central air conditioning, heat, hot and cold water, basic cable and internet and outdoor pool. Across the street, you will find Shopping, Post Office, Buses to Metro North, Number 1 train and Manhattan and I

Key facts

• Parquet wood floors
• Numerous closets
• 24-hour concierge

Tags

• HUDSON RIVER VIEWS
• NUMEROUS CLOSETS
• PARQUET WOOD FLOORS
• FULL-SERVICE LUXURY BUILDING
• 24-HOUR CONCIERGE
• SEASONAL OUTDOOR POOL

Property features AI

Finance

• Other: Building amenities include common playroom, indoor pool, and storage; Cats allowed (building policy: cats only)
• Financial info: Monthly association fee amount provided
• HOA & community: Monthly association fee

Exterior

• Parking: Building has a garage
• Home design: Located on entry level 21; High-rise building (25 stories total); River Point Towers
• Construction: Zoning: R
• Exterior features: Private outdoor space larger than 60 sq ft

Interior

• Kitchen: No specific kitchen appliance details provided
• Bedrooms: Total rooms: 1
• Bathrooms: One full bathroom
• Interior features: Basement described as 'Other'; Unit has a view; West exposure
• Laundry & utility: Building laundry available; Washer/dryer allowed in unit

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $235k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-649 ($-8k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $235k).
• Recommended offer: $231k (1.5% below list) — sets the bar for market timing.

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 (+11.6%/yr); 342 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).
• This rent runs 41% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 41% of rent.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $231,475 (1.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 2.98%
• Cash-on-cash: -11.83%
• DSCR: 0.47
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -27.6%
• Equity multiple: 0.01×
• Total profit: $-65,248
• Equity at exit: $35,039

10-year hold

• IRR: -8.3%
• Equity multiple: 0.30×
• Total profit: $-45,987
• Equity at exit: $20,319

Cash invested: $65,800 (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 10463

• Rents YoY: 11.6%
• Active inventory: 342
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,547 medium
• Mortgage (P&I): −$1,232
• Tax est. 1.5%: −$294 /mo · $3,525/yr
• Insurance: −$98
• HOA est. from 2 same-building comps: −$1,037
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $-649

Break-even live

Break-even rent $3,368

Max offer price $141,153

Occupancy floor —

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: $58,750
• Closing costs: $7,050
• 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	22d	3	0.12mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: watergaselectricinternetcablepooldoorman
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-06-18
   days on market $235,000 Active 15 DOM
2. 2026-06-17
   days on market $235,000 Active 14 DOM
3. 2026-06-16
   days on market $235,000 Active 13 DOM
4. 2026-06-15
   days on market $235,000 Active 12 DOM
5. 2026-06-13
   days on market $235,000 Active 10 DOM
6. 2026-06-09
   days on market $235,000 Active 6 DOM
7. 2026-06-08
   days on market $235,000 Active 5 DOM
8. 2026-06-07
   days on market $235,000 Active 4 DOM
9. 2026-06-04
   remarks 699-char remark
10. 2026-06-04
    listing id $235,000 Active 1 DOM
11. 2026-06-02
    remarks 623-char remark
12. 2026-06-02
    listed $235,000 Active 1 DOM

ⓘ 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 · 15 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: $30,569
• − Mortgage interest: −$13,164
• − Property taxes: −$3,525
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,446
• − Management: −$2,446
• − HOA: −$12,444
• − Depreciation: −$6,836
• Taxable loss: −$11,466
• Est. tax savings @ 24.0%: +$2,752
• After-tax cash flow: $-5,031/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.

Condition & rehab AI · 11 photos

Good 75/100 Cosmetic rehab

This one-bedroom condo offers a good condition with parquet wood floors and a spacious layout. It needs minor updates to the kitchen and bathroom to enhance its resale and rental value.

Repairs flagged

• Minor kitchen cabinets — dated design
• Minor bathroom fixtures — standard, possibly outdated

Value-add opportunities

• Resale kitchen cabinets — modernizing the kitchen
• Rental bathroom fixtures — improving the bathroom's appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated design	Minor	$500–3,000
bathroom fixtures · standard, possibly outdated	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale kitchen cabinets — modernizing the kitchen ↑
• Rental bathroom fixtures — improving the bathroom's appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 69,470
• Household income: $74,974
• Rent vs Own: 64.6% rent · 35.4% own
• Severe rent burden: 5586.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 50% White 30% Two or more races 17% Black 12% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 12% Cuban 1% Dominican 25%
• Common ancestry: Scotch-Irish 3% Romanian 2% Lithuanian 1%
• Foreign-born: 30% · Canada, Jamaica, China
• Languages at home: 50% English-only · Spanish 40% Other Indo-European 3% Russian/Polish/Slavic 2%

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: ▼ -294.75%
• Current HPI: 168.0211
• Rent YoY: ▲ 11.60%
• 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

+4.4% since first listed

18 events — show timeline

• 2026-06-02 Listed $235,000 RLS at REBNY
• 2024-11-05 Listed $229,000 OneKey® MLS as Distributed by MLS Grid
• 2024-10-26 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-09-30 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-04-18 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-03-21 Listed $220,000 OneKey® MLS as Distributed by MLS Grid
• 2023-06-30 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-12-07 Listed $209,000 OneKey® MLS as Distributed by MLS Grid
• 2022-12-07 Listed $209,000 RLS at REBNY
• 2022-10-09 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-08-08 Price Changed $200,000 OneKey® MLS as Distributed by MLS Grid
• 2022-07-13 Price Changed $219,000 OneKey® MLS as Distributed by MLS Grid
• 2022-06-09 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2022-02-10 Pending — OneKey® MLS as Distributed by MLS Grid
• 2022-01-07 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2021-10-27 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-10-08 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2021-09-22 Listed $225,000 OneKey® MLS as Distributed by MLS Grid