144 Park Pl #3BrooklynNY11217
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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 144 Park Pl #3, Brooklyn, NY, 11217 uses $149,175 cash to close to unlock $1,854/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $3,612/mo, and a $2,203/mo payment keeps the spread at $155/mo. Purchase price stands at $450,000, and rental yield measures 9.63% with $3,612/mo rent. Return on cash invested shows 21.15% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 111.47% and total cumulative return in cash records $166,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,612/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Condo
Built in 1890
N/A lot
$N/A/sqft
$452 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11217, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,719 (100%) |
| Owner Occupied HU | 5,268 (21.3%) |
| Renter Occupied HU | 17,323 (70.1%) |
| Vacant Housing Units | 2,128 ( 8.6%) |
| Median Home Value | $1,753,412 |
| Average Home Value | $1,604,739 |
Housing Distribution
Address Breakdown
Residential
20,350
Single Family
2,859
Multi-Family
17,491
Businesses
1,444
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