1306 83rd St #311BrooklynNY11228
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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 1306 83rd St #311, Brooklyn, NY, 11228 generates $4,927/mo in rent, after a $4,693/mo payment. Total monthly income is $4,927/mo. Return on cash invested sits at 14.45% in year one, and rental yield is 6.17% on a $958,800 entry. Equity gained on principal adds $6,187/yr, while 5% annual appreciation builds toward $264,899 over five years. Five-year ROI reaches 74.17% and total cumulative return in cash sums $233,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,927/mo property income rather than buyer’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11228, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,725 (100%) |
| Owner Occupied HU | 7,861 (44.3%) |
| Renter Occupied HU | 8,618 (48.6%) |
| Vacant Housing Units | 1,246 ( 7.0%) |
| Median Home Value | $1,193,293 |
| Average Home Value | $1,223,802 |
Housing Distribution
Address Breakdown
Residential
11,260
Single Family
8,796
Multi-Family
2,464
Businesses
745
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