7 Balint Dr #427 · Yonkers, NY 10710

$215,000

2 bd · 2.0 ba · 1,300 sqft · Condo · 94 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Beautiful 2BR 2BA Unit! Hardwood floors have been refinished. Kitchen has been updated w/ new counter top, refinished cabinets, up to date appliances. Spacious dining area. Very large master bedroom, with a full bathroom, accompanied by a large second bedroom. Full hall bathroom.

Key facts

• Community pool
• Laundry area
• Walk-in closets

Tags

• NATURAL HARDWOOD FLOORS
• DEDICATED DINING AREA
• WALK-IN CLOSETS
• COMMUNITY POOL
• LAUNDRY AREA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $215k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $215k).
• Recommended offer: $196k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.6% 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.
• 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; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).
• This rent runs 39% of the median local income ($109k/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 $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 $60k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 94 days — a 9% lower offer ($196k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 26y ago; this cycle's ask has dropped $100k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $195,650 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 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 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: 1.65% ✓
• Cap rate: 13.64%
• Cash-on-cash: 26.24%
• DSCR: 2.17
• GRM: 5.1

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: 20.0%
• Equity multiple: 1.82×
• Total profit: $49,070
• Equity at exit: $32,057

10-year hold

• IRR: 28.3%
• Equity multiple: 3.51×
• Total profit: $150,924
• Equity at exit: $18,589

Cash invested: $60,200 (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: 5.1×

Monthly cashflow live

• Estimated rent: $3,547 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,225/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$745
• Net cashflow: $1,317

Break-even live

Break-even rent $1,881

Max offer price $215,000

Occupancy floor 58%

Sensitivity live

Price	-10% $1,465	-5% $1,391	+0% $1,317	+5% $1,242	+10% $1,168
Rent	-10% $1,036	-5% $1,176	+0% $1,317	+5% $1,457	+10% $1,597
Rate	-1.0pp $1,425	-0.5pp $1,371	base $1,317	+0.5pp $1,261	+1.0pp $1,204

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
601 Ridge Hill Blvd Yonkers, NY	2.0	1.0–2.0	819	$4,600	$5.61	8d	14	0.76mi
1 Elm St Unit 3B Tuckahoe, NY	2.0	1.0	1100	$3,200	$2.91	11d	1	0.88mi
1 Elm St Unit 3B Tuckahoe, NY	2.0	1.0	1100	$3,200	$2.91	8d	1	0.88mi
21 Scarsdale Rd Yonkers, NY	2.0	1.0	835	$4,600	$5.51	2d	21	0.89mi
355 Bronxville Rd Bronxville, NY	3.0	2.0	968	$3,400	$3.51	25d	1	0.92mi
163 Saint Nicholas Ave Yonkers, NY	3.0	1.5	1732	$5,495	$3.17	5d	1	0.92mi
70 Lake Ave Unit 1 Tuckahoe, NY	3.0	2.5	1200	$4,995	$4.16	12d	1	0.97mi
11 Oak Ave Unit 1 Bronxville, NY	3.0	2.0	1400	$4,300	$3.07	44d	1	1.01mi
7 Oak Ave Tuckahoe, NY	2.0	1.0	1200	$2,500	$2.08	44d	1	1.01mi
39 Maynard St Unit 2E Tuckahoe, NY	2.0	1.0	875	$2,650	$3.03	44d	1	1.16mi
156 Wallace St Unit 1 Tuckahoe, NY	2.0	2.0	1300	$3,300	$2.54	25d	1	1.17mi
60 Washington St Unit 2 Tuckahoe, NY	3.0	2.0	1500	$4,800	$3.20	25d	1	1.28mi
54 Washington St Unit 2nd Floor Tuckahoe, NY	3.0	2.0	1250	$3,900	$3.12	7d	1	1.28mi
278 Mile Square Rd Yonkers, NY	2.0	1.0	1000	$2,650	$2.65	44d	1	1.30mi
433 Palmer Rd Unit Second Fl Yonkers, NY	3.0	1.5	1400	$3,500	$2.50	44d	1	1.32mi
47 Morgan St Eastchester, NY	2.0	1.0	1000	$4,000	$4.00	44d	1	1.40mi
246 Stone Ave Yonkers, NY	3.0	1.0	900	$3,300	$3.67	5d	1	1.43mi
51 Parkway Rd Apt 3 Bronxville, NY	1.0	1.0	1100	$3,100	$2.82	25d	1	1.49mi

HOA detail condo

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

Listing history 14 events

1. 2026-03-03
   status Pending
2. 2026-01-01
   price $215,000
3. 2025-12-19
   price $249,999
4. 2025-11-24
   price $279,999
5. 2025-10-19
   listed $315,000 Active
6. 2014-03-15
   price $237,500 280-char remark

   Show marketing remark (280 chars)

   Beautiful 2BR 2BA Unit! Hardwood floors have been refinished. Kitchen has been updated w/ new counter top, refinished cabinets, up to date appliances. Spacious dining area. Very large master bedroom, with a full bathroom, accompanied by a large second bedroom. Full hall bathroom.

7. 2007-11-21
   soldstatus $237,500 280-char remark

   Show marketing remark (280 chars)

   Beautiful 2BR 2BA Unit! Hardwood floors have been refinished. Kitchen has been updated w/ new counter top, refinished cabinets, up to date appliances. Spacious dining area. Very large master bedroom, with a full bathroom, accompanied by a large second bedroom. Full hall bathroom.

8. 2007-11-21
   historical 280-char remark

   Show marketing remark (280 chars)

   Beautiful 2BR 2BA Unit! Hardwood floors have been refinished. Kitchen has been updated w/ new counter top, refinished cabinets, up to date appliances. Spacious dining area. Very large master bedroom, with a full bathroom, accompanied by a large second bedroom. Full hall bathroom.

9. 2007-09-13
   price $249,000 280-char remark

   Show marketing remark (280 chars)

   Beautiful 2BR 2BA Unit! Hardwood floors have been refinished. Kitchen has been updated w/ new counter top, refinished cabinets, up to date appliances. Spacious dining area. Very large master bedroom, with a full bathroom, accompanied by a large second bedroom. Full hall bathroom.

10. 2007-07-02
    listed $249,000 280-char remark

    Show marketing remark (280 chars)

    Beautiful 2BR 2BA Unit! Hardwood floors have been refinished. Kitchen has been updated w/ new counter top, refinished cabinets, up to date appliances. Spacious dining area. Very large master bedroom, with a full bathroom, accompanied by a large second bedroom. Full hall bathroom.

11. 2001-04-30
    soldstatus $115,000 100-char remark

    Show marketing remark (100 chars)

    Spacious Rooms, Plenty Of Closets, Modern Kitchen, Walk To Stores, Transportation, Move In Condition

12. 2001-01-15
    price $119,900 100-char remark

    Show marketing remark (100 chars)

    Spacious Rooms, Plenty Of Closets, Modern Kitchen, Walk To Stores, Transportation, Move In Condition

13. 2001-01-15
    historical 100-char remark

    Show marketing remark (100 chars)

    Spacious Rooms, Plenty Of Closets, Modern Kitchen, Walk To Stores, Transportation, Move In Condition

14. 2000-11-20
    listed $115,000 100-char remark

    Show marketing remark (100 chars)

    Spacious Rooms, Plenty Of Closets, Modern Kitchen, Walk To Stores, Transportation, Move In Condition

ⓘ 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: $42,568
• − Mortgage interest: −$12,043
• − Property taxes: −$3,225
• − Insurance: −$1,075
• − Repairs & maintenance: −$3,405
• − Management: −$3,405
• − Depreciation: −$6,255
• Taxable income: $13,160
• Est. tax owed @ 24.0%: −$3,158
• After-tax cash flow: $12,641/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

+87.0% since first listed

14 events — show timeline

• 2026-03-03 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-01-01 Price Changed $215,000 OneKey® MLS as Distributed by MLS Grid
• 2025-12-19 Price Changed $249,999 OneKey® MLS as Distributed by MLS Grid
• 2025-11-24 Price Changed $279,999 OneKey® MLS as Distributed by MLS Grid
• 2025-10-19 Listed $315,000 OneKey® MLS as Distributed by MLS Grid
• 2014-03-15 Price Changed $237,500 HGMLS
• 2007-11-21 Delisted — HGMLS
• 2007-11-21 Sold (MLS) $237,500 HGMLS
• 2007-09-13 Price Changed $249,000 HGMLS
• 2007-07-02 Listed $249,000 HGMLS
• 2001-04-30 Sold (MLS) $115,000 HGMLS
• 2001-01-15 Delisted — HGMLS
• 2001-01-15 Price Changed $119,900 HGMLS
• 2000-11-20 Listed $115,000 HGMLS