24 Monroe Pl APT 1CBrooklynNY11201
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 24 Monroe Pl APT 1C, Brooklyn, NY, 11201 priced at $665,000 pairs $5,039/mo rent with after a $3,255/mo payment. Total monthly income equals $5,039/mo. Return on cash invested is 16.79% in year one, and rental yield stands at 9.09% on a $665,000 basis. Equity gained on principal adds $4,291/yr, and 5% annual appreciation accumulates to $183,727 by year five. Five-year ROI measures 89.1% and total cumulative return in cash reaches $194,935. For financing, Ziffy Mortgage’s DSCR program evaluates $5,039/mo property income against a $3,255/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1928
N/A lot
$N/A/sqft
$1,195 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,878 (100%) |
| Owner Occupied HU | 10,690 (27.5%) |
| Renter Occupied HU | 23,599 (60.7%) |
| Vacant Housing Units | 4,589 (11.8%) |
| Median Home Value | $1,369,636 |
| Average Home Value | $1,410,575 |
Housing Distribution
Address Breakdown
Residential
37,887
Single Family
2,025
Multi-Family
35,862
Businesses
3,130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices