2353 E 70th StBrooklynNY11234
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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
Investment property for sale in Brooklyn at 2353 E 70th St, Brooklyn, NY, 11234 offers a 8.92% rental yield on a $868,000 purchase with $6,449/mo rent. Total monthly income registers $6,449/mo, and a $4,248/mo payment leaves $653/mo available for distribution. Annual cash flow reaches $7,837/yr on $285,572 to close, and return on cash invested stands at 22.8% in year one. Equity gained on principal adds $5,601/yr while 5% annual appreciation supports $239,812 over five years. Portfolio math shows five-year ROI at 118.99% and total cumulative return in cash at $339,801. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,449/mo property income against a $4,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11234, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,763 (100%) |
| Owner Occupied HU | 18,894 (57.7%) |
| Renter Occupied HU | 11,707 (35.7%) |
| Vacant Housing Units | 2,162 ( 6.6%) |
| Median Home Value | $761,967 |
| Average Home Value | $819,145 |
Housing Distribution
Address Breakdown
Residential
26,624
Single Family
22,963
Multi-Family
3,661
Businesses
1,770
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Listed by: Patricia Beniquez • DiTommaso Real Estate
Mls Name: SIBOR
Mls Provider:
Mls ID: #2404702
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