229 9th St #101BrooklynNY11215
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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 229 9th St #101, Brooklyn, NY, 11215 earns $3,405/mo cash flow from $17,279/mo rent with a $9,030/mo payment. Total monthly income totals $17,279/mo, and annual cash flow totals $40,857/yr on $597,780 capital. ROI tracks 27.2% on current figures, and rental yield reads 11.24% at a $1,845,000 purchase. Equity gained on principal adds $11,905/yr, and 5% annual appreciation supports $509,739 over five years. Five-year ROI reaches 143.65% and total cumulative return in cash sums $858,723. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $17,279/mo property income instead of your personal income.
Condo
Built in 2019
N/A lot
$N/A/sqft
$1,554 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,113 (100%) |
| Owner Occupied HU | 10,260 (33.0%) |
| Renter Occupied HU | 18,447 (59.3%) |
| Vacant Housing Units | 2,406 ( 7.7%) |
| Median Home Value | $1,666,185 |
| Average Home Value | $1,587,839 |
Housing Distribution
Address Breakdown
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
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