246 Hoover RoadYonkersNY10710
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 246 Hoover Road, Yonkers, NY, 10710 in Yonkers: $7,200/mo in rent, $1,671/mo net, 10.43% gross yield, all on a $828,000 acquisition. The 1.83 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $228,761 in value, and $6,941/yr in principal paydown steadily builds equity. Projected total cumulative return: $407,697.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 4.2% |
| Monthly Cash Flow | $1,671 | $850 |
City averages based on Yonkers market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $7,200 |
| Total Monthly Debt Service | $5,402 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1963
3,712 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,433
Single Family
5,988
Multi-Family
4,445
Businesses
871
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
