687 Bronx River Road UNIT 8FYonkersNY10704
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 687 Bronx River Road UNIT 8F, Yonkers, NY, 10704 in Yonkers: $2,880/mo in rent, $287/mo in net income, 16.26% gross yield, 3.01 DSCR, all at $212,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $58,710 in appreciation and $1,957/yr in principal paydown projects total cumulative return of $104,627.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.3% | 4.2% |
| Monthly Cash Flow | $287 | $850 |
City averages based on Yonkers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,880 |
| Total Monthly Debt Service | $2,508 |
| DSCR Ratio | 1.15x |
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
N/A lot
$N/A/sqft
$1,174 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10704, Yonkers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,073 (100%) |
| Owner Occupied HU | 6,674 (51.1%) |
| Renter Occupied HU | 5,560 (42.5%) |
| Vacant Housing Units | 839 ( 6.4%) |
| Median Home Value | $592,583 |
| Average Home Value | $597,752 |
Housing Distribution
Address Breakdown
Residential
11,940
Single Family
7,211
Multi-Family
4,729
Businesses
1,062
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
N/A lot
$N/A/sqft
$1,174 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10704, Yonkers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,073 (100%) |
| Owner Occupied HU | 6,674 (51.1%) |
| Renter Occupied HU | 5,560 (42.5%) |
| Vacant Housing Units | 839 ( 6.4%) |
| Median Home Value | $592,583 |
| Average Home Value | $597,752 |
Housing Distribution
Address Breakdown
Residential
11,940
Single Family
7,211
Multi-Family
4,729
Businesses
1,062
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices