1513 W 7th St #1BBrooklynNY11204
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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 1513 W 7th St #1B, Brooklyn, NY, 11204 generates $2,615/mo in rent and, after a $1,463/mo payment, leaves $74/mo in cash flow. Total monthly income is $2,615/mo, and annual cash flow is $885/yr on $99,119 invested. Return on cash invested sits at 20.8% in year one, and rental yield is 10.49% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 110.67% and total cumulative return in cash sums $109,690. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,615/mo property income rather than buyer’s personal income.
Condo
Built in 1927
N/A lot
$N/A/sqft
$545 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11204, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,306 (100%) |
| Owner Occupied HU | 8,047 (29.5%) |
| Renter Occupied HU | 17,747 (65.0%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $1,179,764 |
| Average Home Value | $1,219,030 |
Housing Distribution
Address Breakdown
Residential
23,034
Single Family
10,770
Multi-Family
12,264
Businesses
1,899
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