156 Devoe St #2RBrooklynNY11211
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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 156 Devoe St #2R, Brooklyn, NY, 11211 with 5% annual appreciation on a $999,000 basis while $7,507/mo rent supports operations. Total monthly income totals $7,507/mo and a $4,890/mo payment preserves $393/mo for cash returns. Annual cash flow comes to $4,721/yr on $328,671 deployed, and return on cash invested reaches 21.5% in year one. Equity gained on principal adds $6,446/yr, and five-year appreciation sums $276,005 alongside rental yield of 9.02%. Five-year ROI measures 112.56% and total cumulative return in cash totals $369,938.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,507/mo property income versus a $4,890/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1901
N/A lot
$N/A/sqft
$442 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11211, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,586 (100%) |
| Owner Occupied HU | 3,831 (12.1%) |
| Renter Occupied HU | 25,292 (80.1%) |
| Vacant Housing Units | 2,463 ( 7.8%) |
| Median Home Value | $1,271,849 |
| Average Home Value | $1,337,404 |
Housing Distribution
Address Breakdown
Residential
29,196
Single Family
4,386
Multi-Family
24,810
Businesses
2,558
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