245 Bronx River Rd Bronx River Rd Unit 3E · Yonkers, NY 10704

$150,000

1 bd · 1.0 ba · 762 sqft · Condo · 324 Days on market

Built 1970

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Why this score? — see what drove the D 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).

• 1% rule +10.0/10.0
• Cash flow +9.7/30.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• DSCR +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious one bedroom unit is ideally located near Bronx River, Hutchinson, Saw Mill River and Cross County Parkways. Minutes from Major Deegan Highway I-95. Easily commutable location via local buses and MetroNorth Railroad at Wakefield. Large bedroom features a double closet and two natural light exposures. Huge living room and bedroom features wall to wall carpeting. Eat in kitchen easily accommodates a dining room table. Original owner says bring your personality and convert this bare slate into a beautiful home you can call your own. Four large closets throughout. Make a great impression after you personalize the sizeable entrance hall. Elevator building, common laundry room, storage room, indoor parking garage, on site superintendent. STAR credit. Near Cross County Shopping Center and ten minutes to Ridge Hill Mall. SELLER IS NEGOTIABLE - Great opportunity to own for less than renting! Additional Information: HeatingFuel:Oil Above Ground,

Key facts

• Large closet
• Built 1970
• Listed 324 days

Tags

• UPDATED EAT-IN KITCHEN
• LARGE CLOSET

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $-99 ($-1k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.

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 (+21.0%/yr); 165 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $4k 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.

Negotiation context

• It's been on market 324 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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.
• Current owner paid $80k; list at $150k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 39% of rent.
• Climate carrying-cost: major 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 $132,000 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 324 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 1.56% ✓
• Cap rate: 5.50%
• Cash-on-cash: -2.84%
• DSCR: 0.87
• GRM: 5.3

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: -10.6%
• Equity multiple: 0.58×
• Total profit: $-17,636
• Equity at exit: $22,365

10-year hold

• IRR: 8.0%
• Equity multiple: 1.84×
• Total profit: $35,377
• Equity at exit: $12,969

Cash invested: $42,000 (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 10704

• Rents YoY: 21.0%
• Active inventory: 165
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,347 high
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• HOA est. from 1 same-building comp: −$917
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $-99

Break-even live

Break-even rent $2,473

Max offer price $135,613

Occupancy floor 99%

Sensitivity live

Price	-10% $4	-5% $-48	+0% $-99	+5% $-151	+10% $-203
Rent	-10% $-285	-5% $-192	+0% $-99	+5% $-7	+10% $86
Rate	-1.0pp $-24	-0.5pp $-61	base $-99	+0.5pp $-138	+1.0pp $-178

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
255 Bronx River Rd Unit 4R Yonkers, NY	1.0	1.0	800	$2,250	$2.81	24d	1	0.04mi
277 Bronx River Rd Apt 3M Yonkers, NY	—	1.0	550	$1,700	$3.09	44d	1	0.09mi
216 1st St Unit 1 Yonkers, NY	1.0	1.0	600	$2,000	$3.33	44d	1	0.13mi
135 Wakefield Ave Yonkers, NY	2.0	1.0	850	$3,000	$3.53	44d	2	0.24mi
20 Overhill Pl Unit 3 Yonkers, NY	2.0	1.0	800	$3,000	$3.75	44d	1	0.37mi
2325 Cortlandt St Unit 4 Mt Vernon, NY	2.0	1.0	700	$2,300	$3.29	25d	1	0.43mi
18 N Bond St Unit 3D Mt Vernon, NY	1.0	1.0	750	$2,000	$2.67	25d	1	0.60mi
13 N Bond St Mount Vernon, NY	1.0	1.0	600	$1,785	$2.98	25d	1	0.61mi
495 Kimball Ave Unit First Floor Yonkers, NY	2.0	1.0	1100	$3,000	$2.73	44d	1	0.63mi
32 N Bond St Mount Vernon, NY	1.0	1.0	850	$1,900	$2.24	8d	1	0.63mi
119 S 13th Ave Mount Vernon, NY	2.0	1.0	800	$2,997	$3.75	13d	1	0.65mi
86 Edgewood Ave Apt 2E Yonkers, NY	2.0	1.0	1000	$2,599	$2.60	19d	1	0.73mi
86 Edgewood Ave Unit 2W Yonkers, NY	2.0	1.0	1000	$2,699	$2.70	44d	1	0.73mi
119 S 11th Ave Unit 1 Mt Vernon, NY	2.0	1.0	700	$2,800	$4.00	11d	1	0.73mi
14 Elm St Unit 2 Mt Vernon, NY	2.0	1.0	1000	$2,800	$2.80	25d	1	0.74mi
142 Trenchard St Unit 2E Yonkers, NY	1.0	1.0	900	$2,250	$2.50	11d	1	0.74mi
103 North St Mount Vernon, NY	1.0	1.0	720	$1,900	$2.64	21d	1	0.91mi
150 S 6th Ave Unit 2 Mt Vernon, NY	1.0	1.0	800	$2,500	$3.12	18d	1	0.98mi
150 S 6th Ave Unit 2 Mt Vernon, NY	1.0	1.0	800	$2,500	$3.12	8d	1	0.98mi
230 N 7th Ave Unit 2 Mt Vernon, NY	1.0	1.0	950	$2,300	$2.42	11d	1	0.98mi
12 Putnam St Mount Vernon, NY	2.0	1.0	950	$2,600	$2.74	25d	1	1.01mi
200 Crescent Pl Unit 2nd fl Yonkers, NY	1.0	1.0	800	$2,300	$2.88	17d	1	1.01mi
671 Bronx River Rd Unit 3A Yonkers, NY	2.0	1.5	950	$3,000	$3.16	25d	1	1.06mi
675 McLean Ave Unit 006H Yonkers, NY	1.0	1.0	577	$2,071	$3.59	5d	1	1.08mi
257 S 2nd Ave Mount Vernon, NY	1.0	1.0	800	$2,250	$2.81	25d	1	1.26mi
33 William St Mount Vernon, NY	1.0–2.0	1.0	725	$1,850	$2.55	22d	2	1.32mi
23 Alida St Unit 2s Yonkers, NY	2.0	1.0	1000	$2,900	$2.90	25d	1	1.34mi
7 Monroe St Unit 3A Mt Vernon, NY	2.0	1.0	600	$2,200	$3.67	19d	1	1.34mi
645 N MacQuesten Pkwy Unit 3G Mt Vernon, NY	2.0	1.0	950	$3,195	$3.36	25d	1	1.35mi
429 S 3rd Ave Mount Vernon, NY	1.0	1.0	600	$2,300	$3.83	4d	1	1.37mi
669 N Terrace Ave Mount Vernon, NY	1.0	1.0	750	$2,031	$2.71	25d	1	1.43mi
80 W Grand St Mount Vernon, NY	1.0	1.0	850	$1,942	$2.28	25d	1	1.45mi
130 Harrison Ave Yonkers, NY	1.0	1.0	650	$1,900	$2.92	44d	1	1.46mi
594 Yonkers Ave Unit 5 Yonkers, NY	2.0	1.0	900	$2,500	$2.78	44d	1	1.47mi
594 Yonkers Ave Unit 5 Yonkers, NY	2.0	1.0	900	$2,500	$2.78	25d	1	1.47mi

HOA detail condo

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

Listing history 9 events

1. 2026-01-20
   status Pending
2. 2025-05-19
   status Active
3. 2025-01-08
   status Pending
4. 2024-10-21
   listed $150,000 Active
5. 2018-06-25
   soldstatus $79,999 Sold 960-char remark

   Show marketing remark (960 chars)

   Spacious one bedroom unit is ideally located near Bronx River, Hutchinson, Saw Mill River and Cross County Parkways. Minutes from Major Deegan Highway I-95. Easily commutable location via local buses and MetroNorth Railroad at Wakefield. Large bedroom features a double closet and two natural light exposures. Huge living room and bedroom features wall to wall carpeting. Eat in kitchen easily accommodates a dining room table. Original owner says bring your personality and convert this bare slate into a beautiful home you can call your own. Four large closets throughout. Make a great impression after you personalize the sizeable entrance hall. Elevator building, common laundry room, storage room, indoor parking garage, on site superintendent. STAR credit. Near Cross County Shopping Center and ten minutes to Ridge Hill Mall. SELLER IS NEGOTIABLE - Great opportunity to own for less than renting! Additional Information: HeatingFuel:Oil Above Ground,

6. 2017-12-13
   historical Pending 960-char remark

   Show marketing remark (960 chars)

   Spacious one bedroom unit is ideally located near Bronx River, Hutchinson, Saw Mill River and Cross County Parkways. Minutes from Major Deegan Highway I-95. Easily commutable location via local buses and MetroNorth Railroad at Wakefield. Large bedroom features a double closet and two natural light exposures. Huge living room and bedroom features wall to wall carpeting. Eat in kitchen easily accommodates a dining room table. Original owner says bring your personality and convert this bare slate into a beautiful home you can call your own. Four large closets throughout. Make a great impression after you personalize the sizeable entrance hall. Elevator building, common laundry room, storage room, indoor parking garage, on site superintendent. STAR credit. Near Cross County Shopping Center and ten minutes to Ridge Hill Mall. SELLER IS NEGOTIABLE - Great opportunity to own for less than renting! Additional Information: HeatingFuel:Oil Above Ground,

7. 2017-10-23
   price $79,999 960-char remark

   Show marketing remark (960 chars)

   Spacious one bedroom unit is ideally located near Bronx River, Hutchinson, Saw Mill River and Cross County Parkways. Minutes from Major Deegan Highway I-95. Easily commutable location via local buses and MetroNorth Railroad at Wakefield. Large bedroom features a double closet and two natural light exposures. Huge living room and bedroom features wall to wall carpeting. Eat in kitchen easily accommodates a dining room table. Original owner says bring your personality and convert this bare slate into a beautiful home you can call your own. Four large closets throughout. Make a great impression after you personalize the sizeable entrance hall. Elevator building, common laundry room, storage room, indoor parking garage, on site superintendent. STAR credit. Near Cross County Shopping Center and ten minutes to Ridge Hill Mall. SELLER IS NEGOTIABLE - Great opportunity to own for less than renting! Additional Information: HeatingFuel:Oil Above Ground,

8. 2017-10-09
   price $89,999 960-char remark

   Show marketing remark (960 chars)

   Spacious one bedroom unit is ideally located near Bronx River, Hutchinson, Saw Mill River and Cross County Parkways. Minutes from Major Deegan Highway I-95. Easily commutable location via local buses and MetroNorth Railroad at Wakefield. Large bedroom features a double closet and two natural light exposures. Huge living room and bedroom features wall to wall carpeting. Eat in kitchen easily accommodates a dining room table. Original owner says bring your personality and convert this bare slate into a beautiful home you can call your own. Four large closets throughout. Make a great impression after you personalize the sizeable entrance hall. Elevator building, common laundry room, storage room, indoor parking garage, on site superintendent. STAR credit. Near Cross County Shopping Center and ten minutes to Ridge Hill Mall. SELLER IS NEGOTIABLE - Great opportunity to own for less than renting! Additional Information: HeatingFuel:Oil Above Ground,

9. 2017-10-02
   listed $95,000 Active 960-char remark

   Show marketing remark (960 chars)

   Spacious one bedroom unit is ideally located near Bronx River, Hutchinson, Saw Mill River and Cross County Parkways. Minutes from Major Deegan Highway I-95. Easily commutable location via local buses and MetroNorth Railroad at Wakefield. Large bedroom features a double closet and two natural light exposures. Huge living room and bedroom features wall to wall carpeting. Eat in kitchen easily accommodates a dining room table. Original owner says bring your personality and convert this bare slate into a beautiful home you can call your own. Four large closets throughout. Make a great impression after you personalize the sizeable entrance hall. Elevator building, common laundry room, storage room, indoor parking garage, on site superintendent. STAR credit. Near Cross County Shopping Center and ten minutes to Ridge Hill Mall. SELLER IS NEGOTIABLE - Great opportunity to own for less than renting! Additional Information: HeatingFuel:Oil Above Ground,

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 56% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,165
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$2,253
• − Management: −$2,253
• − HOA: −$11,004
• − Depreciation: −$4,364
• Taxable loss: −$3,111
• Est. tax savings @ 24.0%: +$747
• After-tax cash flow: $-446/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): 31,921
• Household income: $106,786
• Rent vs Own: 39.1% rent · 60.9% own
• Severe rent burden: 1078.0

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 0.64)
• Race & ethnicity: White 50% Hispanic / Latino 32% Two or more races 15% Black 7% Asian 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 11% Cuban 2% Dominican 9%
• Common ancestry: Romanian 2% Subsaharan African 2% Scotch-Irish 2%
• Foreign-born: 32% · Canada, Jamaica, China
• Languages at home: 54% English-only · Spanish 25% Other Indo-European 13% Russian/Polish/Slavic 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: ▼ -466.66%
• Current HPI: 293.4414
• Rent YoY: ▲ 21.03%
• 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

+57.9% since first listed

9 events — show timeline

• 2026-01-20 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-05-19 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-01-08 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-10-21 Listed $150,000 OneKey® MLS as Distributed by MLS Grid
• 2018-06-25 Sold (MLS) $79,999 OneKey® MLS as Distributed by MLS Grid
• 2017-12-13 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2017-10-23 Price Changed $79,999 OneKey® MLS as Distributed by MLS Grid
• 2017-10-09 Price Changed $89,999 OneKey® MLS as Distributed by MLS Grid
• 2017-10-02 Listed $95,000 OneKey® MLS as Distributed by MLS Grid