796 Bronx River Rd Unit B38 · Yonkers, NY 10708

$154,000

1 bd · 1.0 ba · 700 sqft · Condo · 96 Days on market

Built 1950 Good condition

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Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.1/10.0
• Condition / age +4.0/5.0
• Rent growth +3.6/5.0
• Livability +3.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 796 Bronx River Road, Unit B38, located in the desirable Fleetwood Park cooperative. This bright and well-maintained 3rd-floor residence offers comfortable living in an elevator building with convenient amenities and an easy NYC commute. The apartment features a renovated, modern kitchen with stainless steel appliances, gas oven/range, built-in microwave, undermount sink, granite countertops, and a large island with additional storage. The spacious layout offers abundant closet space and hardwood floors beneath the wall-to-wall carpeting. The updated bathroom is finished in a clean, contemporary style and includes a tub with glass enclosure. Heat is included in the monthly maintenance, providing added value and predictable expenses. Building amenities include elevator access, on-site basement laundry, and a playground within the complex. Fleetwood Park is well maintained and ideally located near shopping, dining, parks, and Metro-North transportation, making commuting to NYC simple and convenient. Low monthly maintenance combined with thoughtful co-op board standards make this an exceptional and affordable ownership opportunity.

Key facts

• Large island
• Granite countertops
• Hardwood floors

Tags

• RENOVATED MODERN KITCHEN
• STAINLESS STEEL APPLIANCES
• GRANITE COUNTERTOPS
• LARGE ISLAND
• ABUNDANT CLOSET SPACE
• HARDWOOD FLOORS

🏢 Co-op / cooperative unit. The $154,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $154k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $748 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $154k).
• Recommended offer: $140k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.6% vs local median 5.3% in Yonkers — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#528 in NY) — a middle-class / working-renter tenant base. Strengths: employment A, commute B; Watch: amenities F, cost of living F.
• Yonkers City School District (suburban): math 41% / reading 54% proficiency, ranked #413 of 590 in NY (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.3%/yr); 245 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.3% rent growth), your $43k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 96 days — a 9% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,140 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.54% ✓
• Cap rate: 12.55%
• Cash-on-cash: 22.36%
• DSCR: 1.99
• GRM: 5.4

CMA / ARV

• ARV (median comp): $197,767
• List price: $154,000
• Delta: -22.13%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.27% rent growth · sell at horizon

5-year hold

• IRR: 14.7%
• Equity multiple: 1.60×
• Total profit: $25,808
• Equity at exit: $22,962

10-year hold

• IRR: 24.4%
• Equity multiple: 3.25×
• Total profit: $96,975
• Equity at exit: $13,315

Cash invested: $43,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 5 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City Yonkers: 5 Strongly Tenant-Friendly · D+20

Westchester rent guidelines board.

Methodology + full state rankings →

ZIP-level market 10708

• Rents YoY: 4.3%
• Active inventory: 245
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,364 high
• Mortgage (P&I): −$808
• Tax est. 1.5%: −$192 /mo · $2,310/yr
• Insurance: −$64
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$496
• Net cashflow: $748

Break-even live

Break-even rent $1,417

Max offer price $154,000

Occupancy floor 63%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $38,500
• Closing costs: $4,620
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
669 N Terrace Ave Mount Vernon, NY	1.0	1.0	750	$2,031	$2.71	24d	1	0.24mi
42 Broad St W Mount Vernon, NY	3.0	1.0–2.0	955	$2,841	$2.97	1d	16	0.29mi
42 Broad St W Mount Vernon, NY	3.0	1.0–2.0	1014	$3,956	$3.90	24d	15	0.29mi
33 William St Mount Vernon, NY	1.0–2.0	1.0	725	$1,850	$2.55	21d	2	0.31mi
103 North St Mount Vernon, NY	1.0	1.0	720	$1,900	$2.64	20d	1	0.68mi
18 N Bond St Unit 3D Mt Vernon, NY	1.0	1.0	750	$2,000	$2.67	24d	1	0.98mi
13 N Bond St Mount Vernon, NY	1.0	1.0	600	$1,785	$2.98	24d	1	1.00mi
118 N Columbus Ave Mount Vernon, NY	1.0	1.0	650	$1,700	$2.62	24d	1	1.24mi
2325 Cortlandt St Unit 4 Mt Vernon, NY	2.0	1.0	700	$2,300	$3.29	24d	1	1.26mi
277 Bronx River Rd Apt 3M Yonkers, NY	—	1.0	550	$1,700	$3.09	43d	1	1.27mi
119 S 11th Ave Unit 1 Mt Vernon, NY	2.0	1.0	700	$2,800	$4.00	10d	1	1.30mi
216 1st St Unit 1 Yonkers, NY	1.0	1.0	600	$2,000	$3.33	43d	1	1.44mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: gas
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-08
   statusdays on market $154,000 Pending 96 DOM
2. 2026-06-07
   days on market $154,000 Active 95 DOM
3. 2026-06-04
   days on market $154,000 Active 92 DOM
4. 2026-06-03
   days on market $154,000 Active 91 DOM
5. 2026-06-02
   days on market $154,000 Active 90 DOM
6. 2026-06-01
   days on market $154,000 Active 89 DOM
7. 2026-05-31
   days on market $154,000 Active 88 DOM
8. 2026-05-04
   price $154,000 1157-char remark

   Show marketing remark (1157 chars)

   Welcome to 796 Bronx River Road, Unit B38, located in the desirable Fleetwood Park cooperative. This bright and well-maintained 3rd-floor residence offers comfortable living in an elevator building with convenient amenities and an easy NYC commute. The apartment features a renovated, modern kitchen with stainless steel appliances, gas oven/range, built-in microwave, undermount sink, granite countertops, and a large island with additional storage. The spacious layout offers abundant closet space and hardwood floors beneath the wall-to-wall carpeting. The updated bathroom is finished in a clean, contemporary style and includes a tub with glass enclosure. Heat is included in the monthly maintenance, providing added value and predictable expenses. Building amenities include elevator access, on-site basement laundry, and a playground within the complex. Fleetwood Park is well maintained and ideally located near shopping, dining, parks, and Metro-North transportation, making commuting to NYC simple and convenient. Low monthly maintenance combined with thoughtful co-op board standards make this an exceptional and affordable ownership opportunity.

9. 2026-02-26
   listed $159,900 Active 1157-char remark

   Show marketing remark (1157 chars)

   Welcome to 796 Bronx River Road, Unit B38, located in the desirable Fleetwood Park cooperative. This bright and well-maintained 3rd-floor residence offers comfortable living in an elevator building with convenient amenities and an easy NYC commute. The apartment features a renovated, modern kitchen with stainless steel appliances, gas oven/range, built-in microwave, undermount sink, granite countertops, and a large island with additional storage. The spacious layout offers abundant closet space and hardwood floors beneath the wall-to-wall carpeting. The updated bathroom is finished in a clean, contemporary style and includes a tub with glass enclosure. Heat is included in the monthly maintenance, providing added value and predictable expenses. Building amenities include elevator access, on-site basement laundry, and a playground within the complex. Fleetwood Park is well maintained and ideally located near shopping, dining, parks, and Metro-North transportation, making commuting to NYC simple and convenient. Low monthly maintenance combined with thoughtful co-op board standards make this an exceptional and affordable ownership opportunity.

10. 2026-02-26
    historical

    Show marketing remark (1157 chars)

    Welcome to 796 Bronx River Road, Unit B38, located in the desirable Fleetwood Park cooperative. This bright and well-maintained 3rd-floor residence offers comfortable living in an elevator building with convenient amenities and an easy NYC commute. The apartment features a renovated, modern kitchen with stainless steel appliances, gas oven/range, built-in microwave, undermount sink, granite countertops, and a large island with additional storage. The spacious layout offers abundant closet space and hardwood floors beneath the wall-to-wall carpeting. The updated bathroom is finished in a clean, contemporary style and includes a tub with glass enclosure. Heat is included in the monthly maintenance, providing added value and predictable expenses. Building amenities include elevator access, on-site basement laundry, and a playground within the complex. Fleetwood Park is well maintained and ideally located near shopping, dining, parks, and Metro-North transportation, making commuting to NYC simple and convenient. Low monthly maintenance combined with thoughtful co-op board standards make this an exceptional and affordable ownership opportunity.

11. 2025-09-26
    price $163,000
12. 2025-08-25
    listed $170,000 Active
13. 2023-12-28
    soldstatus $156,000 Closed
14. 2023-11-01
    status Pending
15. 2023-10-13
    listed $149,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,370
• − Mortgage interest: −$8,626
• − Property taxes: −$2,310
• − Insurance: −$1,436
• − Repairs & maintenance: −$2,270
• − Management: −$2,270
• − Depreciation: −$4,480
• Taxable income: $6,978
• Est. tax owed @ 24.0%: −$1,675
• After-tax cash flow: $7,300/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This 3rd-floor condo in Fleetwood Park cooperative is in good condition with a modern kitchen and updated bathroom. It offers a good investment opportunity with potential for value increase through minor updates.

Value-add opportunities

• Both Paint interior walls — Fresh paint can enhance the home's curb appeal and interior aesthetics
• Both Replace carpet with hardwood flooring — Hardwood flooring is more durable and can increase the home's value
• Both Install new kitchen appliances — Modern appliances can make the kitchen more functional and appealing

Renovation cost estimate screening

Value-add ROI direction

• Both Paint interior walls — Fresh paint can enhance the home's curb appeal and interior aesthetics ↑
• Both Replace carpet with hardwood flooring — Hardwood flooring is more durable and can increase the home's value ↑
• Both Install new kitchen appliances — Modern appliances can make the kitchen more functional and appealing ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Yonkers City School District
• NCES district ID: 3631920
• Math proficiency: 41% ▼ -1.00%
• Reading proficiency: 54% ▲ 14.00%
• Median HH income: $58,042
• Composite: 41.43/100
• National rank: #3471
• State rank: #413 of 590 in NY

Livability — Yonkers

• Score: 68/100
• State rank: #528
• US rank: #9394

Category grades

Amenities F Commute B Cost of living F Crime B- Employment A Housing B- Health & safety B- User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Yonkers, NY
• County: Westchester County · 709,332 people
• City population: 212,407
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 22,482
• Household income: $126,343
• Rent vs Own: 24.5% rent · 75.5% own
• Severe rent burden: 357.0

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 17% Two or more races 10% Black 6% Asian 4%
• Hispanic origin (detail): Puerto Rican 7% Dominican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Scotch-Irish 1%
• Foreign-born: 16% · Canada, China
• Languages at home: 76% English-only · Spanish 10% Other Indo-European 6% Other Asian/Pacific 2%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -668.11%
• Current HPI: 203.4295
• Rent YoY: ▲ 4.27%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+2.7% since first listed

8 events — show timeline

• 2026-05-04 Price Changed $154,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-26 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-02-26 Listed $159,900 OneKey® MLS as Distributed by MLS Grid
• 2025-09-26 Price Changed $163,000 OneKey® MLS as Distributed by MLS Grid
• 2025-08-25 Listed $170,000 OneKey® MLS as Distributed by MLS Grid
• 2023-12-28 Sold (MLS) $156,000 OneKey® MLS as Distributed by MLS Grid
• 2023-11-01 Pending — OneKey® MLS as Distributed by MLS Grid
• 2023-10-13 Listed $149,900 OneKey® MLS as Distributed by MLS Grid