1021 E 24th StBrooklynNY11210
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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
Investment Highlights
Rental property for sale in Brooklyn at 1021 E 24th St, Brooklyn, NY, 11210 generates $6,282/mo in rent, after a $9,226/mo payment. Total monthly income is $6,282/mo. Return on cash invested sits at 7.98% in year one, and rental yield is 4% on a $1,885,000 entry. Equity gained on principal adds $12,164/yr, while 5% annual appreciation builds toward $520,791 over five years. Five-year ROI reaches 39.43% and total cumulative return in cash sums $240,838. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,282/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11210, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,039 (100%) |
| Owner Occupied HU | 8,974 (34.5%) |
| Renter Occupied HU | 15,478 (59.4%) |
| Vacant Housing Units | 1,587 ( 6.1%) |
| Median Home Value | $859,832 |
| Average Home Value | $946,487 |
Housing Distribution
Address Breakdown
Residential
20,180
Single Family
11,148
Multi-Family
9,032
Businesses
1,154
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