15 Sea View Ave #40CBrooklynNY11239
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 15 Sea View Ave #40C, Brooklyn, NY, 11239 in Brooklyn is listed at $570,000 and delivers $4,610/mo in rent and $804/mo in net monthly cash flow. The 9.71% yield and 1.80 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $157,480 over five years, and $5,250/yr in principal reduction supplements cash return. Total projected cumulative return: $269,073.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 4.2% |
| Monthly Cash Flow | $804 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,610 |
| Total Monthly Debt Service | $3,580 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11239, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,432 (100%) |
| Owner Occupied HU | 863 (10.2%) |
| Renter Occupied HU | 7,286 (86.4%) |
| Vacant Housing Units | 283 ( 3.4%) |
| Median Home Value | $600,074 |
| Average Home Value | $636,347 |
Housing Distribution
Address Breakdown
Residential
9,515
Single Family
1,068
Multi-Family
8,447
Businesses
130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11239, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,432 (100%) |
| Owner Occupied HU | 863 (10.2%) |
| Renter Occupied HU | 7,286 (86.4%) |
| Vacant Housing Units | 283 ( 3.4%) |
| Median Home Value | $600,074 |
| Average Home Value | $636,347 |
Housing Distribution
Address Breakdown
Residential
9,515
Single Family
1,068
Multi-Family
8,447
Businesses
130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices