130 8th Ave APT 8DBrooklynNY11215
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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 130 8th Ave APT 8D, Brooklyn, NY, 11215 priced at $399,000 converts $2,703/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,703/mo. Return on cash invested prints 10.99% in year one, and rental yield reads 8.13% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 59.02% and total cumulative return in cash sums $78,062. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,703/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
$1,022 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,113 (100%) |
| Owner Occupied HU | 10,260 (33.0%) |
| Renter Occupied HU | 18,447 (59.3%) |
| Vacant Housing Units | 2,406 ( 7.7%) |
| Median Home Value | $1,666,185 |
| Average Home Value | $1,587,839 |
Housing Distribution
Address Breakdown
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
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