242 Bay 22rd StBrooklynNY11214
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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 242 Bay 22rd St, Brooklyn, NY, 11214 generates $3,514/mo in rent, after a $5,379/mo payment. Total monthly income is $3,514/mo. Return on cash invested sits at 7.48% in year one, and rental yield is 3.84% on a $1,099,000 entry. Equity gained on principal adds $7,092/yr, while 5% annual appreciation builds toward $303,633 over five years. Five-year ROI reaches 36.76% and total cumulative return in cash sums $130,878. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,514/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
2,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11214, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,434 (100%) |
| Owner Occupied HU | 10,119 (28.6%) |
| Renter Occupied HU | 23,064 (65.1%) |
| Vacant Housing Units | 2,251 ( 6.4%) |
| Median Home Value | $988,547 |
| Average Home Value | $1,082,264 |
Housing Distribution
Address Breakdown
Residential
28,784
Single Family
11,176
Multi-Family
17,608
Businesses
1,701
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