377 N Broadway #601YonkersNY10701
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 377 N Broadway #601, Yonkers, NY, 10701 in Yonkers is narrow, $114/mo net on $808/mo rent after the $467/mo debt service, but the property operates at break-even-plus, not a loss. At $103,900 with a 9.33% yield, the long-run equity case via 5% appreciation ($28,706 over five years) and $957/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.73 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $46,994.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 4.2% |
| Monthly Cash Flow | $114 | $850 |
City averages based on Yonkers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $808 |
| Total Monthly Debt Service | $652 |
| DSCR Ratio | 1.24x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10701, Yonkers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,811 (100%) |
| Owner Occupied HU | 6,412 (21.5%) |
| Renter Occupied HU | 20,070 (67.3%) |
| Vacant Housing Units | 3,329 (11.2%) |
| Median Home Value | $553,400 |
| Average Home Value | $604,378 |
Housing Distribution
Address Breakdown
Residential
25,910
Single Family
7,211
Multi-Family
18,699
Businesses
1,561
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10701, Yonkers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,811 (100%) |
| Owner Occupied HU | 6,412 (21.5%) |
| Renter Occupied HU | 20,070 (67.3%) |
| Vacant Housing Units | 3,329 (11.2%) |
| Median Home Value | $553,400 |
| Average Home Value | $604,378 |
Housing Distribution
Address Breakdown
Residential
25,910
Single Family
7,211
Multi-Family
18,699
Businesses
1,561
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices