20 Melrose St #4FBrooklynNY11206
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
Investment property for sale in Brooklyn at 20 Melrose St #4F, Brooklyn, NY, 11206 offers a 8.26% rental yield on a $547,400 purchase with $3,766/mo rent. Total monthly income registers $3,766/mo, and a $2,679/mo payment leaves $67/mo available for distribution. Annual cash flow reaches $799/yr on $180,095 to close, and return on cash invested stands at 20.5% in year one. Equity gained on principal adds $3,532/yr while 5% annual appreciation supports $151,237 over five years. Portfolio math shows five-year ROI at 106.76% and total cumulative return in cash at $192,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,766/mo property income against a $2,679/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11206, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,690 (100%) |
| Owner Occupied HU | 3,222 ( 8.3%) |
| Renter Occupied HU | 32,770 (84.7%) |
| Vacant Housing Units | 2,698 ( 7.0%) |
| Median Home Value | $975,560 |
| Average Home Value | $1,070,947 |
Housing Distribution
Address Breakdown
Residential
33,340
Single Family
5,830
Multi-Family
27,510
Businesses
1,944
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices