102 24th St #KBrooklynNY11232
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 102 24th St #K, Brooklyn, NY, 11232 in Brooklyn: $3,373/mo in rent, $467/mo in net income, 9.3% gross yield, 1.72 DSCR, all at $435,240. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $120,249 in appreciation and $4,009/yr in principal paydown projects total cumulative return of $195,997.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 4.2% |
| Monthly Cash Flow | $467 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,373 |
| Total Monthly Debt Service | $2,733 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in N/A
2,890 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11232, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,287 (100%) |
| Owner Occupied HU | 2,037 (19.8%) |
| Renter Occupied HU | 7,496 (72.9%) |
| Vacant Housing Units | 754 ( 7.3%) |
| Median Home Value | $1,094,994 |
| Average Home Value | $1,080,814 |
Housing Distribution
Address Breakdown
Residential
7,688
Single Family
1,900
Multi-Family
5,788
Businesses
1,973
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Multi Family
Built in N/A
2,890 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11232, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,287 (100%) |
| Owner Occupied HU | 2,037 (19.8%) |
| Renter Occupied HU | 7,496 (72.9%) |
| Vacant Housing Units | 754 ( 7.3%) |
| Median Home Value | $1,094,994 |
| Average Home Value | $1,080,814 |
Housing Distribution
Address Breakdown
Residential
7,688
Single Family
1,900
Multi-Family
5,788
Businesses
1,973
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices