4 Fordham Hill Oval Unit 8D · New York, NY 10468

$129,000

1 bd · 1.0 ba · 707 sqft · Condo public records · 436 Days on market

Built 1950

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Welcome to 4 Fordham Hill Oval #8D. Offering spectacular views and natural lighting throughout as you enter this charming unit. Beautiful natural hardwood floors throughout, spacious living room, formal dining, 1 large bedroom, 1 full bath, great size kitchen with tons of cabinet space, great ceiling height. Amenities offered: Gym, community room, laundry room, full time Superintendent and porter, storage and an onsite community manager. 24/7 security at entry points and onsite. Beautifully maintained grounds. Conveniently steps away from the Metro North Station, Subway stations, 4#, D#, & 1#, major highways, minutes to Manhattan, Shopping Hubs, Fordham University, Lehman College, Bron

Key facts

• 24/7 security
• Great size kitchen
• Hardwood floors

Tags

• HARDWOOD FLOORS
• SPACIOUS LIVING ROOM
• GREAT SIZE KITCHEN
• TONS OF CABINET SPACE
• 24/7 SECURITY
• MAINTAINED GROUNDS

Property features AI

Finance

• HOA & community: Association managed by First Service

Exterior

• Parking: On-street parking
• Utilities: Public sewer; Public trash collection
• Home design: Stock cooperative
• Construction: Other construction
• Exterior features: Non-waterfront property; Other construction materials; Other foundation type

Interior

• Kitchen: Gas range; Refrigerator
• Bedrooms: Total rooms: 4
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Hot water heating; Natural gas heating; Additional/other heating; Wall/window air conditioning units
• Interior features: Entrance foyer; Formal dining; Galley-style kitchen

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $129k.

Deal economics

• At list price, monthly cash flow is $807 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $129k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.8% 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 $2,150/mo this rent would consume 56% 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 ($892 loan paydown + $650 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 $36k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 436 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 11y 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.
• Current owner paid $76k; list at $129k implies a 70% gain — meaningful room to come down on a strong offer.

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 $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 436 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. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
9. 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.
10. 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: 1.67% ✓
• Cap rate: 13.80%
• Cash-on-cash: 26.80%
• DSCR: 2.19
• GRM: 5.0

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: 31.4%
• Equity multiple: 2.63×
• Total profit: $59,023
• Equity at exit: $40,739

10-year hold

• IRR: 36.5%
• Equity multiple: 5.84×
• Total profit: $174,928
• Equity at exit: $51,673

Cash invested: $36,120 (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: 5.0×

Monthly cashflow live

• Estimated rent: $2,150 medium
• Mortgage (P&I): −$676
• Tax est. 1.5%: −$161 /mo · $1,935/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $807

Break-even live

Break-even rent $1,128

Max offer price $129,000

Occupancy floor 57%

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: $32,250
• Closing costs: $3,870
• 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	1.02mi

HOA detail condo

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

Listing history 28 events

1. 2026-06-18
   days on market $129,000 Active 436 DOM
2. 2026-06-17
   days on market $129,000 Active 435 DOM
3. 2026-06-15
   days on market $129,000 Active 433 DOM
4. 2026-06-13
   days on market $129,000 Active 431 DOM
5. 2026-06-10
   days on market $129,000 Active 427 DOM
6. 2026-06-08
   days on market $129,000 Active 426 DOM
7. 2026-06-03
   days on market $129,000 Active 421 DOM
8. 2026-06-01
   days on market $129,000 Active 419 DOM
9. 2026-05-31
   days on market $129,000 Active 418 DOM
10. 2025-04-08
    listed $129,000 Active
11. 2024-09-27
    price $129,999
12. 2024-06-27
    listed $135,000 Active
13. 2024-03-27
    price $135,000
14. 2024-01-14
    listed $145,000 Active
15. 2023-12-31
    historical
16. 2023-04-12
    listed $165,000 Active
17. 2023-04-06
    historical
18. 2022-12-02
    listed $165,000 Active
19. 2022-12-02
    listed $165,000 Active
20. 2016-08-30
    price $76,000
21. 2016-08-30
    soldstatus $76,000 Sold
22. 2016-08-29
    soldstatus $76,000
23. 2016-04-28
    historical Pending
24. 2016-04-28
    price $79,500
25. 2016-02-20
    status Active
26. 2015-12-19
    historical Pending
27. 2015-05-23
    listed $79,500 Active
28. 2015-05-22
    listed $79,500

ⓘ 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: $25,795
• − Mortgage interest: −$7,226
• − Property taxes: −$1,935
• − Insurance: −$645
• − Repairs & maintenance: −$2,064
• − Management: −$2,064
• − Depreciation: −$3,753
• Taxable income: $8,109
• Est. tax owed @ 24.0%: −$1,946
• After-tax cash flow: $7,734/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

+62.3% since first listed

19 events — show timeline

• 2025-04-08 Listed $129,000 OneKey® MLS as Distributed by MLS Grid
• 2024-09-27 Price Changed $129,999 OneKey® MLS as Distributed by MLS Grid
• 2024-06-27 Listed $135,000 OneKey® MLS as Distributed by MLS Grid
• 2024-03-27 Price Changed $135,000 OneKey® MLS as Distributed by MLS Grid
• 2024-01-14 Listed $145,000 OneKey® MLS as Distributed by MLS Grid
• 2023-12-31 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2023-04-12 Listed $165,000 OneKey® MLS as Distributed by MLS Grid
• 2023-04-06 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-12-02 Listed $165,000 RLS at REBNY
• 2022-12-02 Listed $165,000 OneKey® MLS as Distributed by MLS Grid
• 2016-08-30 Sold (MLS) $76,000 HGMLS
• 2016-08-30 Price Changed $76,000 HGMLS
• 2016-08-29 Sold (MLS) $76,000 OneKey® MLS as Distributed by MLS Grid
• 2016-04-28 Contingent — HGMLS
• 2016-04-28 Price Changed $79,500 HGMLS
• 2016-02-20 Relisted — HGMLS
• 2015-12-19 Contingent — HGMLS
• 2015-05-23 Listed $79,500 HGMLS
• 2015-05-22 Listed $79,500 OneKey® MLS as Distributed by MLS Grid