1620 Avenue 307BrooklynNY11230
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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 1620 Avenue 307, Brooklyn, NY, 11230 earns $806/mo cash flow from $4,579/mo rent with a $2,765/mo payment. Total monthly income totals $4,579/mo, and annual cash flow totals $9,677/yr on $185,885 capital. ROI tracks 25.27% on current figures, and rental yield reads 9.73% at a $565,000 purchase. Equity gained on principal adds $3,646/yr, and 5% annual appreciation supports $156,099 over five years. Five-year ROI reaches 132.19% and total cumulative return in cash sums $245,727. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,579/mo property income instead of your personal income.
Condo
Built in 1941
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11230, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,949 (100%) |
| Owner Occupied HU | 8,697 (28.1%) |
| Renter Occupied HU | 20,273 (65.5%) |
| Vacant Housing Units | 1,979 ( 6.4%) |
| Median Home Value | $998,288 |
| Average Home Value | $1,138,275 |
Housing Distribution
Address Breakdown
Residential
30,459
Single Family
8,234
Multi-Family
22,225
Businesses
1,883
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