2347 61st StBrooklynNY11204
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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 2347 61st St, Brooklyn, NY, 11204 generates $3,862/mo in rent, after a $9,300/mo payment. Total monthly income is $3,862/mo. Return on cash invested sits at 3.16% in year one, and rental yield is 2.44% on a $1,899,999 entry. Equity gained on principal adds $12,260/yr, while 5% annual appreciation builds toward $524,935 over five years. Five-year ROI reaches 13.61% and total cumulative return in cash sums $83,763. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,862/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11204, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,306 (100%) |
| Owner Occupied HU | 8,047 (29.5%) |
| Renter Occupied HU | 17,747 (65.0%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $1,179,764 |
| Average Home Value | $1,219,030 |
Housing Distribution
Address Breakdown
Residential
23,034
Single Family
10,770
Multi-Family
12,264
Businesses
1,899
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