47 Alta Avenue #2FYonkersNY10705
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 47 Alta Avenue #2F, Yonkers, NY, 10705 in Yonkers worth modelling. At $145,000 with a 9.04% gross yield, the $1,092/mo rent leaves $124/mo after the $652/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.67 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $40,061 by year five; $1,335/yr in principal reduction adds further equity. Total projected return: $63,286.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 4.2% |
| Monthly Cash Flow | $124 | $850 |
City averages based on Yonkers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,092 |
| Total Monthly Debt Service | $911 |
| DSCR Ratio | 1.20x |
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 1975
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10705, Yonkers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,950 (100%) |
| Owner Occupied HU | 3,803 (25.4%) |
| Renter Occupied HU | 10,260 (68.6%) |
| Vacant Housing Units | 887 ( 5.9%) |
| Median Home Value | $599,180 |
| Average Home Value | $596,884 |
Housing Distribution
Address Breakdown
Residential
13,944
Single Family
3,760
Multi-Family
10,184
Businesses
714
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 1975
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10705, Yonkers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,950 (100%) |
| Owner Occupied HU | 3,803 (25.4%) |
| Renter Occupied HU | 10,260 (68.6%) |
| Vacant Housing Units | 887 ( 5.9%) |
| Median Home Value | $599,180 |
| Average Home Value | $596,884 |
Housing Distribution
Address Breakdown
Residential
13,944
Single Family
3,760
Multi-Family
10,184
Businesses
714
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices