16 Goodwin PlBrooklynNY11221
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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 16 Goodwin Pl, Brooklyn, NY, 11221 priced at $1,895,000 pairs $6,640/mo rent with after a $9,275/mo payment. Total monthly income equals $6,640/mo. Return on cash invested is 8.61% in year one, and rental yield stands at 4.2% on a $1,895,000 basis. Equity gained on principal adds $12,228/yr, and 5% annual appreciation accumulates to $523,554 by year five. Five-year ROI measures 42.83% and total cumulative return in cash reaches $262,997. For financing, Ziffy Mortgage’s DSCR program evaluates $6,640/mo property income against a $9,275/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1901
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11221, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,771 (100%) |
| Owner Occupied HU | 6,151 (15.9%) |
| Renter Occupied HU | 29,138 (75.2%) |
| Vacant Housing Units | 3,482 ( 9.0%) |
| Median Home Value | $1,248,648 |
| Average Home Value | $1,267,842 |
Housing Distribution
Address Breakdown
Residential
31,571
Single Family
10,153
Multi-Family
21,418
Businesses
1,223
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