216 20th St #1BBrooklynNY11232
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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
Rental property for sale in Brooklyn at 216 20th St #1B, Brooklyn, NY, 11232 generates $6,324/mo in rent, after a $6,353/mo payment. Total monthly income is $6,324/mo. Return on cash invested sits at 13.68% in year one, and rental yield is 5.85% on a $1,298,000 entry. Equity gained on principal adds $8,376/yr, while 5% annual appreciation builds toward $358,613 over five years. Five-year ROI reaches 70.01% and total cumulative return in cash sums $294,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,324/mo property income rather than buyer’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11232, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,287 (100%) |
| Owner Occupied HU | 2,037 (19.8%) |
| Renter Occupied HU | 7,496 (72.9%) |
| Vacant Housing Units | 754 ( 7.3%) |
| Median Home Value | $1,094,994 |
| Average Home Value | $1,080,814 |
Housing Distribution
Address Breakdown
Residential
7,688
Single Family
1,900
Multi-Family
5,788
Businesses
1,973
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