530 Riverdale Ave Unit 3K · Yonkers, NY 10705

$155,000

1 bd · 1.0 ba · 700 sqft · Condo · 11 Days on market

Built 1953

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Why this score? — see what drove the B 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
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.8/5.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location, location! Just north of City Line in Yonkers, this convenient and efficient one-bedroom apartment is a commuter's dream. The new modern kitchen features white cabinetry, grey ceramic flooring and quartz countertops. Hardwood floors are newly shined. Quiet windows face away from the street - no traffic sounds. The building is maintained with pride. Low maintenance! 20% down required. 80% carpeting rule strictly enforced. Beautiful Mt. St. Vincent College campus across the street and Van Cortlandt Park is within 1 mile. North Riverdale shops and restaurants within 1/2 mile . Within one block, access: East and West Side express bus to 34th Street, RailLink (RouteA) shuttle to MetroNorth Riverdale station, Westchester Bee-Line bus and NYC bus to #1 Subway. Access Henry Hudson Pkwy/Saw Mill Pkwy within 1 mile.

Key facts

• Garage
• Built 1953
• Listed 10 days

Property features AI

Finance

• Other: Living area reported as approximately 700
• HOA & community: Has association (Garthchester/Anker Management); Building amenities include elevators, live-in superintendent, park access, and trash service

Exterior

• Parking: Parking lot; Has garage
• Utilities: Con-Edison electric service; Public sewer; Cable available; Phone available; Electricity connected; Water connected
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Galley layout; Indirect water heater
• Bedrooms: Total rooms: 2; Entry level: 3
• Flooring: Carpet; Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating (natural gas); Wall/window air conditioning unit(s)
• Interior features: Galley kitchen; High ceilings; No basement; No attic
• Laundry & utility: Utilities include electricity and water connections

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $155k.

Deal economics

• At list price, monthly cash flow is $638 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Cap rate 11.2% vs local median 5.4% 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.
• Zoned schools: Yonkers Early Childhood Academy (327 students, 72% FRL); Yonkers Middle School (math 17% / reading 37%, grade F, #587 of 729 statewide, top 81%, 601 students, 88% FRL); Yonkers High School (math 92% / reading 88%, grade A+, #238 of 1,100 statewide, top 23%, 1,060 students, 76% FRL) — zoned schools average 79% FRL vs 64% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+9.0%/yr); 87 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).
• This rent runs 38% of the median local income ($68k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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 + 8.0% rent growth), your $43k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 27y ago; this cycle's ask is 11% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,000

Questions for the listing agent

1. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.40% ✓
• Cap rate: 11.23%
• Cash-on-cash: 17.65%
• DSCR: 1.79
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 14.6%
• Equity multiple: 1.62×
• Total profit: $27,004
• Equity at exit: $23,111

10-year hold

• IRR: 26.9%
• Equity multiple: 3.95×
• Total profit: $128,041
• Equity at exit: $13,402

Cash invested: $43,400 (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 10705

• Rents YoY: 9.0%
• Active inventory: 87
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,164 high
• Mortgage (P&I): −$813
• Tax est. 1.5%: −$194 /mo · $2,325/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$454
• Net cashflow: $638

Break-even live

Break-even rent $1,356

Max offer price $155,000

Occupancy floor 66%

Sensitivity live

Price	-10% $745	-5% $692	+0% $638	+5% $585	+10% $531
Rent	-10% $467	-5% $553	+0% $638	+5% $724	+10% $809
Rate	-1.0pp $716	-0.5pp $678	base $638	+0.5pp $598	+1.0pp $557

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
36 Bruce Ave Yonkers, NY	1.0	1.0	625	$1,785	$2.86	45d	1	0.39mi
117 Morris St Yonkers, NY	1.0	1.0	700	$2,000	$2.86	6d	1	0.58mi
280 Hawthorne Ave Yonkers, NY	1.0	1.0	700	$2,100	$3.00	8d	2	0.60mi
249 McLean Ave Unit 1B Yonkers, NY	1.0	1.0	700	$2,500	$3.57	19d	1	0.62mi
130 Harrison Ave Yonkers, NY	1.0	1.0	650	$1,900	$2.92	45d	1	1.02mi
162 Willow St Unit 1F Yonkers, NY	1.0	1.0	700	$2,200	$3.14	16d	1	1.22mi
162 Willow St Yonkers, NY	1.0	1.0	700	$2,100	$3.00	8d	1	1.22mi
158 Willow St Unit 1B Yonkers, NY	2.0	1.0	600	$2,100	$3.50	2d	1	1.23mi
56 Prospect St Unit 206 Yonkers, NY	—	1.0	450	$1,995	$4.43	26d	1	1.27mi
20 Water Grant St Yonkers, NY	1.0–2.0	1.0–2.0	827	$2,522	$3.05	0d	22	1.27mi
97 Waverly St Unit 3R Yonkers, NY	1.0	1.0	600	$1,850	$3.08	16d	1	1.35mi
44 Hudson St Yonkers, NY	2.0	1.0–2.0	922	$3,200	$3.47	8d	25	1.35mi
675 McLean Ave Unit 006H Yonkers, NY	1.0	1.0	577	$2,071	$3.59	6d	1	1.38mi
66 Main St Yonkers, NY	2.0	1.0–2.0	881	$2,950	$3.35	0d	6	1.40mi
27 Cliff St Yonkers, NY	1.0	1.0	500	$2,000	$4.00	45d	1	1.41mi
2 Mill St Unit 2B Yonkers, NY	—	1.0	741	$2,095	$2.83	45d	1	1.43mi
23 N Broadway Unit 4B Yonkers, NY	—	1.0	429	$1,950	$4.55	45d	1	1.44mi
23 N Broadway Unit 4F Yonkers, NY	2.0	1.0	699	$2,400	$3.43	23d	1	1.44mi
50 Nepperhan St Yonkers, NY	3.0	1.0–2.0	887	$3,122	$3.52	0d	20	1.46mi
91 Elm St Unit 1A Yonkers, NY	1.0	1.0	650	$1,800	$2.77	17d	1	1.48mi
91 Elm St Unit 1A Yonkers, NY	1.0	1.0	650	$1,900	$2.92	45d	1	1.48mi

HOA detail condo

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

Listing history 8 events

1. 2026-06-21
   days on market $155,000 Active 11 DOM
2. 2026-06-18
   days on market $155,000 Active 8 DOM
3. 2026-06-17
   days on market $155,000 Active 7 DOM
4. 2026-06-16
   days on market $155,000 Active 6 DOM
5. 2026-06-15
   days on market $155,000 Active 5 DOM
6. 2026-06-13
   statusdays on market $155,000 Active 3 DOM
7. 2026-06-08
   remarks 684-char remark
8. 2026-06-08
   listed $155,000 Coming Soon 1 DOM

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,966
• − Mortgage interest: −$8,682
• − Property taxes: −$2,325
• − Insurance: −$775
• − Repairs & maintenance: −$2,077
• − Management: −$2,077
• − Depreciation: −$4,509
• Taxable income: $5,520
• Est. tax owed @ 24.0%: −$1,325
• After-tax cash flow: $6,335/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.

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): 38,887
• Household income: $67,918
• Rent vs Own: 63.2% rent · 36.8% own
• Severe rent burden: 2783.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Hispanic / Latino 62% White 17% Two or more races 16% Black 12% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 13% Puerto Rican 9% Dominican 27%
• Common ancestry: Scotch-Irish 1% Romanian 1%
• Foreign-born: 40% · Canada, Jamaica, South Korea
• Languages at home: 39% English-only · Spanish 51% Other Indo-European 3% 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: ▼ -368.22%
• Current HPI: 314.1777
• Rent YoY: ▲ 9.00%
• 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

+19.2% since first listed

22 events — show timeline

• 2026-06-08 Coming Soon $155,000 OneKey® MLS as Distributed by MLS Grid
• 2023-11-20 Sold (MLS) $140,000 OneKey® MLS as Distributed by MLS Grid
• 2023-08-29 Pending — OneKey® MLS as Distributed by MLS Grid
• 2023-02-22 Listed $140,000 OneKey® MLS as Distributed by MLS Grid
• 2023-01-20 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-07-20 Listed $140,000 OneKey® MLS as Distributed by MLS Grid
• 2022-05-12 Sold (MLS) $95,000 OneKey® MLS as Distributed by MLS Grid
• 2022-04-06 Pending — OneKey® MLS as Distributed by MLS Grid
• 2022-04-05 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-04-03 Listed $115,000 OneKey® MLS as Distributed by MLS Grid
• 2022-03-03 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2022-01-19 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-01-12 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-12-01 Price Changed $100,000 OneKey® MLS as Distributed by MLS Grid
• 2021-09-16 Price Changed $120,000 OneKey® MLS as Distributed by MLS Grid
• 2021-07-19 Listed $130,000 OneKey® MLS as Distributed by MLS Grid
• 2001-03-03 Delisted — HGMLS
• 2000-11-03 Listed — HGMLS
• 2000-07-14 Delisted — HGMLS
• 2000-05-24 Listed — HGMLS
• 2000-05-15 Delisted — HGMLS
• 1999-11-18 Listed — HGMLS