1487 Prospect Pl #1BrooklynNY11213
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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 1487 Prospect Pl #1, Brooklyn, NY, 11213 uses $180,621 cash to close to unlock $2,159/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $3,846/mo, and a $2,687/mo payment keeps the spread at $180/mo. Purchase price stands at $549,000, and rental yield measures 8.41% with $3,846/mo rent. Return on cash invested shows 21.26% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 110.67% and total cumulative return in cash records $199,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,846/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Condo
Built in N/A
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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