1811 Avenue P APT 6BBrooklynNY11229
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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 1811 Avenue P APT 6B, Brooklyn, NY, 11229 uses $127,296 cash to close to unlock $31,646/yr annual cash flow and $2,637/mo monthly cash flow. Total monthly income runs $5,542/mo, and a $1,879/mo payment keeps the spread at $2,637/mo. Purchase price stands at $384,000, and rental yield measures 17.32% with $5,542/mo rent. Return on cash invested shows 44.77% in year one, and 5% annual appreciation builds toward $106,092 over five years. Five-year ROI reaches 238% and total cumulative return in cash records $302,960. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,542/mo property income covering a $1,879/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$341 monthly 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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Listed by: Thomas Marcotrigiano • Tom Marco Real Estate
Mls Name: BNYMLS
Mls Provider:
Mls ID: #485285
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.