2294 Atlantic AvenueBrooklynNY11233
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
Rental property for sale in Brooklyn at 2294 Atlantic Avenue, Brooklyn, NY, 11233 offers $3,118/mo rent that, after a $5,506/mo payment. Total monthly income is $3,118/mo. Return on cash invested measures 5.9% in year one, and rental yield stands at 3.33% at a $1,124,999 entry. Equity gained on principal adds $7,259/yr while 5% annual appreciation compounds into $310,816 by year five. Five-year ROI records 28.29% and total cumulative return in cash reaches $103,124. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,118/mo property income versus a $5,506/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1901
1,667 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11233, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,966 (100%) |
| Owner Occupied HU | 5,665 (17.7%) |
| Renter Occupied HU | 23,881 (74.7%) |
| Vacant Housing Units | 2,420 ( 7.6%) |
| Median Home Value | $1,118,129 |
| Average Home Value | $1,165,978 |
Housing Distribution
Address Breakdown
Residential
26,085
Single Family
8,407
Multi-Family
17,678
Businesses
941
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Nearby investment properties with comparable prices
Listed by: Aaron Zucker • EXP Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #813296
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