176 Nichols AveBrooklynNY11208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 176 Nichols Ave, Brooklyn, NY, 11208 priced at $401,900 converts $3,797/mo rent into $1,113/mo cash flow after a $1,967/mo obligation. Total monthly income equals $3,797/mo, and annual cash flow totals $13,359/yr on $133,230 invested. Return on cash invested prints 29.94% in year one, and rental yield reads 11.34% against a $401,900 entry. Equity gained on principal adds $2,593/yr, while 5% annual appreciation compiles into $111,038 by year five. Five-year ROI reaches 157.27% and total cumulative return in cash sums $209,532. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,797/mo property income covering a $1,967/mo payment, not borrower’s personal income.
Single Family
Built in 1899
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11208, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,468 (100%) |
| Owner Occupied HU | 7,826 (22.7%) |
| Renter Occupied HU | 24,418 (70.8%) |
| Vacant Housing Units | 2,224 ( 6.5%) |
| Median Home Value | $663,355 |
| Average Home Value | $691,267 |
Housing Distribution
Address Breakdown
Residential
24,478
Single Family
12,077
Multi-Family
12,401
Businesses
1,456
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
