1238 63rd St #D342BrooklynNY11219
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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 1238 63rd St #D342, Brooklyn, NY, 11219 generates $3,926/mo in rent, after a $3,764/mo payment. Total monthly income is $3,926/mo. Return on cash invested sits at 14.32% in year one, and rental yield is 6.13% on a $769,000 entry. Equity gained on principal adds $4,962/yr, while 5% annual appreciation builds toward $212,461 over five years. Five-year ROI reaches 73.51% and total cumulative return in cash sums $185,971. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,926/mo property income rather than buyer’s personal income.
Condo
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11219, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,503 (100%) |
| Owner Occupied HU | 6,319 (20.7%) |
| Renter Occupied HU | 21,992 (72.1%) |
| Vacant Housing Units | 2,192 ( 7.2%) |
| Median Home Value | $1,186,085 |
| Average Home Value | $1,250,046 |
Housing Distribution
Address Breakdown
Residential
23,152
Single Family
8,338
Multi-Family
14,814
Businesses
2,719
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