1615 Bergen St #3BrooklynNY11213
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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 1615 Bergen St #3, Brooklyn, NY, 11213 uses $256,462 cash to close to unlock $21,250/yr annual cash flow and $1,771/mo monthly cash flow. Total monthly income runs $6,976/mo, and a $3,815/mo payment keeps the spread at $1,771/mo. Purchase price stands at $779,520, and rental yield measures 10.74% with $6,976/mo rent. Return on cash invested shows 28.35% in year one, and 5% annual appreciation builds toward $215,367 over five years. Five-year ROI reaches 148.69% and total cumulative return in cash records $381,334. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,976/mo property income covering a $3,815/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A 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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