1535 Park PlBrooklynNY11213
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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 1535 Park Pl, Brooklyn, NY, 11213 priced at $1,989,000 converts $3,224/mo rent into after a $9,735/mo obligation. Total monthly income equals $3,224/mo. Return on cash invested prints 1.64% in year one, and rental yield reads 1.95% against a $1,989,000 entry. Equity gained on principal adds $12,835/yr, while 5% annual appreciation compiles into $549,524 by year five. Five-year ROI reaches 5.44% and total cumulative return in cash sums $35,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,224/mo property income covering a $9,735/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
5,110 sqft 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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Listed by: Walter E Jackson • Paragon Real Estate
Mls Name: BNYMLS
Mls Provider:
Mls ID: #479590
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.