237 8th StBrooklynNY11215
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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 237 8th St, Brooklyn, NY, 11215 offers $6,946/mo rent that, after a $9,559/mo payment. Total monthly income is $6,946/mo. Return on cash invested measures 8.81% in year one, and rental yield stands at 4.27% at a $1,953,000 entry. Equity gained on principal adds $12,602/yr while 5% annual appreciation compounds into $539,578 by year five. Five-year ROI records 43.88% and total cumulative return in cash reaches $277,679. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,946/mo property income versus a $9,559/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1899
1,800 sqft lot
$N/A/sqft
No 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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