16 Wainwright #2B, Yonkers, NY, 10710 | $217/mo Cash Flow

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16 Wainwright #2B, Yonkers, NY, 10710 | $217/mo Cash Flow | Ziffy

For Sale

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

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397 N Broadway #2E, Yonkers, NY, 10701

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Yonkers at 16 Wainwright #2B, Yonkers, NY, 10710 offers a 9.64% rental yield on a $159,900 purchase with $1,285/mo rent. Total monthly income registers $1,285/mo, and a $783/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,602/yr on $53,007 to close, and return on cash invested stands at 24.82% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 129.84% and total cumulative return in cash at $68,826. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,285/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1951

N/A lot

$N/A/sqft

No HOA

More details about the property

Lovely Garden Apt at Bryn Mawr Ridge!! The Private Park like setting, financially secure, beautiful, landscaped complex!! This residence is Freshly painted with the beautiful landscaping views from all windows offering bright colorful exposure. Great location within the complex, walking distance to Tuckahoe Rd and strip stores and restaurants!! Immaculate Apt also features Bedroom California custom closet, Living room built-ins, triple picture window, and Low Maint!! Excellent location near all major hghwys, Central Ave, Ridge Hill and Cross County for great shopping and dining. Steps to NYC express bus. Private parking lots, $25 one-time fee for parking sticker or rent a garage and storage unit when available. Financially secure complex along with management office on premises and low maint makes this an ideal home! Maint does not include star credit - renting allowed after 3 yrs of ownership

Neighborhood Data

Neighborhood data shown for ZIP Code: 10710, Yonkers, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,550 (100%)
Owner Occupied HU	7,147 (67.7%)
Renter Occupied HU	2,897 (27.5%)
Vacant Housing Units	506 ( 4.8%)
Median Home Value	$606,178
Average Home Value	$602,425