199 Conover St #3HBrooklynNY11231
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Brooklyn rentals match the income profile of 199 Conover St #3H, Brooklyn, NY, 11231. Listed at $1,250,000, gross rent is $13,955/mo and net cash flow is $5,205/mo, a 13.4% yield well above national averages. DSCR 2.48 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $345,352 by year five with $11,513/yr in annual principal reduction, projecting $813,283 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.4% | 4.2% |
| Monthly Cash Flow | $5,205 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $13,955 |
| Total Monthly Debt Service | $8,253 |
| DSCR Ratio | 1.69x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2022
N/A lot
$N/A/sqft
$403 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11231, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,446 (100%) |
| Owner Occupied HU | 4,101 (23.5%) |
| Renter Occupied HU | 12,031 (69.0%) |
| Vacant Housing Units | 1,314 ( 7.5%) |
| Median Home Value | $1,765,973 |
| Average Home Value | $1,624,888 |
Housing Distribution
Address Breakdown
Residential
15,312
Single Family
3,858
Multi-Family
11,454
Businesses
1,468
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
Condo
Built in 2022
N/A lot
$N/A/sqft
$403 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11231, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,446 (100%) |
| Owner Occupied HU | 4,101 (23.5%) |
| Renter Occupied HU | 12,031 (69.0%) |
| Vacant Housing Units | 1,314 ( 7.5%) |
| Median Home Value | $1,765,973 |
| Average Home Value | $1,624,888 |
Housing Distribution
Address Breakdown
Residential
15,312
Single Family
3,858
Multi-Family
11,454
Businesses
1,468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices