1723 Gerritsen AveBrooklynNY11229
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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 1723 Gerritsen Ave, Brooklyn, NY, 11229 offers a 8.82% rental yield on a $988,000 purchase with $7,265/mo rent. Total monthly income registers $7,265/mo, and a $4,836/mo payment leaves $667/mo available for distribution. Annual cash flow reaches $8,005/yr on $325,052 to close, and return on cash invested stands at 22.52% in year one. Equity gained on principal adds $6,375/yr while 5% annual appreciation supports $272,966 over five years. Portfolio math shows five-year ROI at 117.48% and total cumulative return in cash at $381,868. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,265/mo property income against a $4,836/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11229, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,898 (100%) |
| Owner Occupied HU | 13,087 (39.8%) |
| Renter Occupied HU | 17,854 (54.3%) |
| Vacant Housing Units | 1,957 ( 5.9%) |
| Median Home Value | $849,561 |
| Average Home Value | $904,894 |
Housing Distribution
Address Breakdown
Residential
28,358
Single Family
12,061
Multi-Family
16,297
Businesses
1,887
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