218 Scholes St #7BrooklynNY11206
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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 218 Scholes St #7, Brooklyn, NY, 11206 with 5% annual appreciation on a $464,000 basis while $2,780/mo rent supports operations. 26% in year one. Equity gained on principal adds $2,994/yr, and five-year appreciation sums $128,195 alongside rental yield of 7.19%. Five-year ROI measures 69.33% and total cumulative return in cash totals $106,641. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,780/mo property income versus a $2,271/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1920
N/A lot
$N/A/sqft
$534 monthly 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
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