242 S 1st St APT 1DBrooklynNY11211
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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 S 1st St APT 1D, Brooklyn, NY, 11211 generates $7,289/mo in rent, after a $6,164/mo payment. Total monthly income is $7,289/mo. Return on cash invested sits at 15.18% in year one, and rental yield is 6.95% on a $1,259,400 entry. Equity gained on principal adds $8,127/yr, while 5% annual appreciation builds toward $347,949 over five years. Five-year ROI reaches 78.73% and total cumulative return in cash sums $321,253. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,289/mo property income rather than buyer’s personal income.
Condo
Built in 1911
591 sqft lot
$N/A/sqft
$644 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11211, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,586 (100%) |
| Owner Occupied HU | 3,831 (12.1%) |
| Renter Occupied HU | 25,292 (80.1%) |
| Vacant Housing Units | 2,463 ( 7.8%) |
| Median Home Value | $1,271,849 |
| Average Home Value | $1,337,404 |
Housing Distribution
Address Breakdown
Residential
29,196
Single Family
4,386
Multi-Family
24,810
Businesses
2,558
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