124 Utica AveBrooklynNY11213
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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
Investment property for sale in Brooklyn at 124 Utica Ave, Brooklyn, NY, 11213 offers a 9.14% rental yield on a $1,625,000 purchase with $12,371/mo rent. Total monthly income registers $12,371/mo, and a $7,954/mo payment leaves $1,519/mo available for distribution. Annual cash flow reaches $18,229/yr on $526,500 to close, and return on cash invested stands at 23.83% in year one. Equity gained on principal adds $10,486/yr while 5% annual appreciation supports $448,958 over five years. Portfolio math shows five-year ROI at 124.44% and total cumulative return in cash at $655,192. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $12,371/mo property income against a $7,954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11213, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,523 (100%) |
| Owner Occupied HU | 4,048 (14.7%) |
| Renter Occupied HU | 21,356 (77.6%) |
| Vacant Housing Units | 2,119 ( 7.7%) |
| Median Home Value | $1,187,974 |
| Average Home Value | $1,262,164 |
Housing Distribution
Address Breakdown
Residential
23,699
Single Family
4,859
Multi-Family
18,840
Businesses
1,169
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