1 Balint Dr #661 · Yonkers, NY 10710

$185,000

1 bd · 1.0 ba · 900 sqft · Condo · 151 Days on market

Built 1968

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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 +8.6/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location Location Location! Very Affordable Large One bedroom one bath co-op in Central Ave. This Spacious Home has a separate dining area with an open flow kitchen. The huge closets are just of few of the bonuses in this unit. Own for less than the cost of renting with a pool. .. Maintenance with star is approximately $650. per month. this unit comes with guaranteed assigned parking space. This well managed complex is located on a private cul-de-sac with swimming pool and playground with a basketball court making it a perfect setting for a first time buyer or anyone looking to downsize. Close to shops, transportation, schools, restaurants, hospitals, etc. Purchase with only 10% down Building is financially stable. . Storage Room and Bicycle room. This home is in great condition. Just move in. Within Walking distance to everything. Express Bus to NYC is a block away. An Excellent value in today's market.

Key facts

• Quiet cul-de-sac
• Community pool
• Built 1968

Tags

• CARRIAGE HOUSE COMPLEX
• QUIET CUL-DE-SAC
• BRIGHT CONTEMPORARY KITCHEN
• DEDICATED DINING AREA
• EXCEPTIONAL CLOSET SPACE
• TWO LARGE WALK-IN CLOSETS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $185k.

Deal economics

• At list price, monthly cash flow is $713 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $185k).
• Recommended offer: $163k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.9% 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.
• Zoned schools: Kahlil Gibran School (math 42% / reading 57%, grade D, #1,085 of 2,108 statewide, top 56%, 506 students, 57% FRL); Yonkers Middle School (math 17% / reading 37%, grade F, #587 of 729 statewide, top 81%, 601 students, 88% FRL); Roosevelt High School - Early College Studies (math 77% / reading 87%, grade A, #452 of 1,100 statewide, top 44%, 1,041 students, 85% FRL).
• Market conditions: 166 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $6k 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 + 3.0% rent growth), your $52k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y ago; this cycle's ask has dropped $25k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $135k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: 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 $162,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.36% ✓
• Cap rate: 10.92%
• Cash-on-cash: 16.53%
• DSCR: 1.74
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 7.6%
• Equity multiple: 1.30×
• Total profit: $15,497
• Equity at exit: $27,584

10-year hold

• IRR: 16.9%
• Equity multiple: 2.39×
• Total profit: $72,157
• Equity at exit: $15,995

Cash invested: $51,800 (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 10710

• Active inventory: 166
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,521 high
• Mortgage (P&I): −$970
• Tax est. 1.5%: −$231 /mo · $2,775/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $713

Break-even live

Break-even rent $1,618

Max offer price $185,000

Occupancy floor 67%

Sensitivity live

Price	-10% $841	-5% $777	+0% $713	+5% $649	+10% $586
Rent	-10% $514	-5% $614	+0% $713	+5% $813	+10% $913
Rate	-1.0pp $807	-0.5pp $760	base $713	+0.5pp $665	+1.0pp $617

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4 Sadore Ln Unit 2W Yonkers, NY	1.0	1.0	800	$2,000	$2.50	18d	1	0.15mi
1549 Central Park Ave Yonkers, NY	2.0	1.0	850	$2,400	$2.82	45d	1	0.48mi
717 Tuckahoe Rd Unit 16A Yonkers, NY	1.0	1.0	650	$2,495	$3.84	6d	1	0.49mi
12 Wainwright Ave Apt 1B Yonkers, NY	1.0	1.0	700	$1,950	$2.79	45d	1	0.52mi
8 Wainwright Ave Unit 2A Yonkers, NY	—	1.0	700	$1,600	$2.29	8d	1	0.55mi
70 Roundhill Dr Yonkers, NY	2.0	1.0	775	$3,200	$4.13	45d	1	0.59mi
128 Colonial Pkwy Unit 3B Yonkers, NY	1.0	1.0	871	$2,750	$3.16	45d	1	0.62mi
42 Winchester Ave Unit 2A Yonkers, NY	1.0	1.0	700	$2,100	$3.00	15d	1	0.67mi
601 Ridge Hill Blvd Yonkers, NY	2.0	1.0–2.0	819	$3,500	$4.27	8d	14	0.81mi
1 Elm St Unit 3B Tuckahoe, NY	2.0	1.0	1100	$3,200	$2.91	8d	1	0.84mi
1 Elm St Unit 3B Tuckahoe, NY	2.0	1.0	1100	$3,200	$2.91	11d	1	0.84mi
21 Scarsdale Rd Yonkers, NY	2.0	1.0	835	$3,795	$4.54	3d	21	0.85mi
111 Kensington Rd Unit 8 Bronxville, NY	1.0	1.0	825	$2,650	$3.21	14d	1	0.98mi
2 Consulate Dr Unit 1J Tuckahoe, NY	1.0	1.0	750	$2,700	$3.60	13d	1	1.02mi
64 Kensington Rd Apt 1A Bronxville, NY	1.0	1.0	800	$2,895	$3.62	13d	1	1.04mi
50 Columbus Ave Unit 817 Tuckahoe, NY	1.0	1.0	750	$3,000	$4.00	23d	1	1.04mi
50 Columbus Ave Apt 909 Tuckahoe, NY	2.0	2.0	871	$3,800	$4.36	0d	1	1.05mi
28 Kenilworth Rd Unit The Cottage Yonkers, NY	1.0	1.0	600	$1,950	$3.25	15d	1	1.07mi
39 Maynard St Unit 2E Tuckahoe, NY	2.0	1.0	875	$2,650	$3.03	45d	1	1.11mi
64 Sagamore Rd Unit A6 Bronxville, NY	1.0	1.0	850	$2,900	$3.41	6d	1	1.13mi
300 Columbus Ave Tuckahoe, NY	—	1.0	766	$3,100	$4.05	20d	5	1.20mi
23 Belknap Ave Yonkers, NY	1.0	1.0	700	$2,300	$3.29	25d	1	1.25mi
212 Alpine Pl Tuckahoe, NY	1.0	1.0	700	$2,700	$3.86	21d	1	1.25mi
40 Jackson Ave Eastchester, NY	1.0	1.0	725	$2,950	$4.07	16d	1	1.33mi
278 Mile Square Rd Yonkers, NY	2.0	1.0	1000	$2,650	$2.65	45d	1	1.33mi
47 Morgan St Eastchester, NY	2.0	1.0	1000	$4,000	$4.00	45d	1	1.35mi
Glen Rd Unit H Eastchester, NY	1.0	1.0	612	$2,200	$3.59	45d	1	1.42mi
2 Park Ave Unit 1B Eastchester, NY	1.0	1.0	740	$2,500	$3.38	45d	1	1.46mi
Fisher Ave Eastchester, NY	1.0	1.0	731	$2,500	$3.42	45d	1	1.47mi
51 Parkway Rd Apt 3 Bronxville, NY	1.0	1.0	1100	$3,100	$2.82	26d	1	1.47mi

HOA detail condo

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

Listing history 18 events

1. 2026-02-06
   status Pending
2. 2025-10-20
   price $185,000
3. 2025-09-30
   price $199,900
4. 2025-08-08
   listed $210,000 Active
5. 2016-02-20
   price $135,000 919-char remark

   Show marketing remark (919 chars)

   Location Location Location! Very Affordable Large One bedroom one bath co-op in Central Ave. This Spacious Home has a separate dining area with an open flow kitchen. The huge closets are just of few of the bonuses in this unit. Own for less than the cost of renting with a pool. .. Maintenance with star is approximately $650. per month. this unit comes with guaranteed assigned parking space. This well managed complex is located on a private cul-de-sac with swimming pool and playground with a basketball court making it a perfect setting for a first time buyer or anyone looking to downsize. Close to shops, transportation, schools, restaurants, hospitals, etc. Purchase with only 10% down Building is financially stable. . Storage Room and Bicycle room. This home is in great condition. Just move in. Within Walking distance to everything. Express Bus to NYC is a block away. An Excellent value in today's market.

6. 2016-02-20
   soldstatus $135,000 Sold 919-char remark

   Show marketing remark (919 chars)

   Location Location Location! Very Affordable Large One bedroom one bath co-op in Central Ave. This Spacious Home has a separate dining area with an open flow kitchen. The huge closets are just of few of the bonuses in this unit. Own for less than the cost of renting with a pool. .. Maintenance with star is approximately $650. per month. this unit comes with guaranteed assigned parking space. This well managed complex is located on a private cul-de-sac with swimming pool and playground with a basketball court making it a perfect setting for a first time buyer or anyone looking to downsize. Close to shops, transportation, schools, restaurants, hospitals, etc. Purchase with only 10% down Building is financially stable. . Storage Room and Bicycle room. This home is in great condition. Just move in. Within Walking distance to everything. Express Bus to NYC is a block away. An Excellent value in today's market.

7. 2016-02-19
   soldstatus $135,000 920-char remark

   Show marketing remark (920 chars)

   Location Location Location! Very Affordable Large One bedroom one bath co-op in Central Ave. This Spacious Home has a separate dining area with an open flow kitchen. The huge closets are just of few of the bonuses in this unit. Own for less than the cost of renting with a pool... Maintenance with star is approximately $650. per month. this unit comes with guaranteed assigned parking space. This well managed complex is located on a private cul-de-sac with swimming pool and playground with a basketball court making it a perfect setting for a first time buyer or anyone looking to downsize. Close to shops, transportation, schools, restaurants, hospitals, etc. Purchase with only 10% down Building is financially stable. . Storage Room and Bicycle room. This home is in great condition. Just move in. Within Walking distance to everything. Express Bus to NYC is a block away. An Excellent value in today's market.

8. 2015-11-24
   historical Pending 919-char remark

   Show marketing remark (919 chars)

   Location Location Location! Very Affordable Large One bedroom one bath co-op in Central Ave. This Spacious Home has a separate dining area with an open flow kitchen. The huge closets are just of few of the bonuses in this unit. Own for less than the cost of renting with a pool. .. Maintenance with star is approximately $650. per month. this unit comes with guaranteed assigned parking space. This well managed complex is located on a private cul-de-sac with swimming pool and playground with a basketball court making it a perfect setting for a first time buyer or anyone looking to downsize. Close to shops, transportation, schools, restaurants, hospitals, etc. Purchase with only 10% down Building is financially stable. . Storage Room and Bicycle room. This home is in great condition. Just move in. Within Walking distance to everything. Express Bus to NYC is a block away. An Excellent value in today's market.

9. 2015-11-23
   price $139,000 919-char remark

   Show marketing remark (919 chars)

   Location Location Location! Very Affordable Large One bedroom one bath co-op in Central Ave. This Spacious Home has a separate dining area with an open flow kitchen. The huge closets are just of few of the bonuses in this unit. Own for less than the cost of renting with a pool. .. Maintenance with star is approximately $650. per month. this unit comes with guaranteed assigned parking space. This well managed complex is located on a private cul-de-sac with swimming pool and playground with a basketball court making it a perfect setting for a first time buyer or anyone looking to downsize. Close to shops, transportation, schools, restaurants, hospitals, etc. Purchase with only 10% down Building is financially stable. . Storage Room and Bicycle room. This home is in great condition. Just move in. Within Walking distance to everything. Express Bus to NYC is a block away. An Excellent value in today's market.

10. 2015-08-10
    listed $139,000 Active 919-char remark

    Show marketing remark (920 chars)

    Location Location Location! Very Affordable Large One bedroom one bath co-op in Central Ave. This Spacious Home has a separate dining area with an open flow kitchen. The huge closets are just of few of the bonuses in this unit. Own for less than the cost of renting with a pool... Maintenance with star is approximately $650. per month. this unit comes with guaranteed assigned parking space. This well managed complex is located on a private cul-de-sac with swimming pool and playground with a basketball court making it a perfect setting for a first time buyer or anyone looking to downsize. Close to shops, transportation, schools, restaurants, hospitals, etc. Purchase with only 10% down Building is financially stable. . Storage Room and Bicycle room. This home is in great condition. Just move in. Within Walking distance to everything. Express Bus to NYC is a block away. An Excellent value in today's market.

11. 2015-08-10
    listed $139,000 920-char remark

    Show marketing remark (920 chars)

    Location Location Location! Very Affordable Large One bedroom one bath co-op in Central Ave. This Spacious Home has a separate dining area with an open flow kitchen. The huge closets are just of few of the bonuses in this unit. Own for less than the cost of renting with a pool... Maintenance with star is approximately $650. per month. this unit comes with guaranteed assigned parking space. This well managed complex is located on a private cul-de-sac with swimming pool and playground with a basketball court making it a perfect setting for a first time buyer or anyone looking to downsize. Close to shops, transportation, schools, restaurants, hospitals, etc. Purchase with only 10% down Building is financially stable. . Storage Room and Bicycle room. This home is in great condition. Just move in. Within Walking distance to everything. Express Bus to NYC is a block away. An Excellent value in today's market.

12. 2014-03-15
    price $143,000
13. 2011-07-28
    historical
14. 2010-11-29
    listed Active
15. 2008-07-23
    historical
16. 2008-07-23
    soldstatus $143,000
17. 2008-05-19
    price $150,000
18. 2008-04-25
    listed $150,000

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,257
• − Mortgage interest: −$10,363
• − Property taxes: −$2,775
• − Insurance: −$925
• − Repairs & maintenance: −$2,421
• − Management: −$2,421
• − Depreciation: −$5,382
• Taxable income: $5,971
• Est. tax owed @ 24.0%: −$1,433
• After-tax cash flow: $7,128/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): 25,855
• Household income: $108,845
• Rent vs Own: 29.3% rent · 70.7% own
• Severe rent burden: 920.0

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: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 39% Hispanic / Latino 30% Black 14% Two or more races 12% Asian 11% Native American 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 9% Dominican 9%
• Common ancestry: Romanian 2% Scotch-Irish 1% Hispanic 1%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 64% English-only · Spanish 18% Other Indo-European 6% Other Asian/Pacific 5%

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: ▼ -622.30%
• Current HPI: 297.1704
• Rent YoY: —
• 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

+23.3% since first listed

18 events — show timeline

• 2026-02-06 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-10-20 Price Changed $185,000 OneKey® MLS as Distributed by MLS Grid
• 2025-09-30 Price Changed $199,900 OneKey® MLS as Distributed by MLS Grid
• 2025-08-08 Listed $210,000 OneKey® MLS as Distributed by MLS Grid
• 2016-02-20 Sold (MLS) $135,000 HGMLS
• 2016-02-20 Price Changed $135,000 HGMLS
• 2016-02-19 Sold (MLS) $135,000 OneKey® MLS as Distributed by MLS Grid
• 2015-11-24 Contingent — HGMLS
• 2015-11-23 Price Changed $139,000 HGMLS
• 2015-08-10 Listed $139,000 HGMLS
• 2015-08-10 Listed $139,000 OneKey® MLS as Distributed by MLS Grid
• 2014-03-15 Price Changed $143,000 HGMLS
• 2011-07-28 Delisted — HGMLS
• 2010-11-29 Listed — HGMLS
• 2008-07-23 Sold (MLS) $143,000 HGMLS
• 2008-07-23 Delisted — HGMLS
• 2008-05-19 Price Changed $150,000 HGMLS
• 2008-04-25 Listed $150,000 HGMLS