1641 Park Place UNIT 6BrooklynNY11233
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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 1641 Park Place UNIT 6, Brooklyn, NY, 11233 priced at $1,249,900 converts $9,924/mo rent into $1,577/mo cash flow after a $6,118/mo obligation. Total monthly income equals $9,924/mo, and annual cash flow totals $18,924/yr on $404,968 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 9.53% against a $1,249,900 entry. Equity gained on principal adds $8,065/yr, while 5% annual appreciation compiles into $345,324 by year five. Five-year ROI reaches 130.94% and total cumulative return in cash sums $530,262. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,924/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Townhouse
Built in 1910
3,194 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11233, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,966 (100%) |
| Owner Occupied HU | 5,665 (17.7%) |
| Renter Occupied HU | 23,881 (74.7%) |
| Vacant Housing Units | 2,420 ( 7.6%) |
| Median Home Value | $1,118,129 |
| Average Home Value | $1,165,978 |
Housing Distribution
Address Breakdown
Residential
26,085
Single Family
8,407
Multi-Family
17,678
Businesses
941
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Listed by: James N Himonidis • RE/MAX City Square
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3555790
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