111 S 3rd St #1EBrooklynNY11249
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow111 S 3rd St #1E, Brooklyn, NY, 11249 in Brooklyn earns its strong cash-flow label: 17.75% yield, $7,324/mo rent, $3,519/mo net income, DSCR 3.29. The $495,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $136,759 by year five. Combined with $4,559/yr in principal paydown, total projected return reaches $417,413.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.8% | 4.2% |
| Monthly Cash Flow | $3,519 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,324 |
| Total Monthly Debt Service | $3,608 |
| DSCR Ratio | 2.03x |
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.
Condo
Built in 1915
N/A lot
$N/A/sqft
$499 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11249, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,590 (100%) |
| Owner Occupied HU | 2,614 (13.3%) |
| Renter Occupied HU | 15,015 (76.6%) |
| Vacant Housing Units | 1,961 (10.0%) |
| Median Home Value | $1,414,969 |
| Average Home Value | $1,413,021 |
Housing Distribution
Address Breakdown
Residential
18,160
Single Family
1,898
Multi-Family
16,262
Businesses
889
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
Condo
Built in 1915
N/A lot
$N/A/sqft
$499 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11249, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,590 (100%) |
| Owner Occupied HU | 2,614 (13.3%) |
| Renter Occupied HU | 15,015 (76.6%) |
| Vacant Housing Units | 1,961 (10.0%) |
| Median Home Value | $1,414,969 |
| Average Home Value | $1,413,021 |
Housing Distribution
Address Breakdown
Residential
18,160
Single Family
1,898
Multi-Family
16,262
Businesses
889
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices