251 Saint Marks Ave #4BBrooklynNY11238
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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 251 Saint Marks Ave #4B, Brooklyn, NY, 11238 priced at $1,175,000 converts $6,149/mo rent into after a $5,751/mo obligation. Total monthly income equals $6,149/mo. Return on cash invested prints 14.29% in year one, and rental yield reads 6.28% against a $1,175,000 entry. Equity gained on principal adds $7,582/yr, while 5% annual appreciation compiles into $324,631 by year five. Five-year ROI reaches 73.53% and total cumulative return in cash sums $279,910. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,149/mo property income covering a $5,751/mo payment, not borrower’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
$232 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11238, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,474 (100%) |
| Owner Occupied HU | 6,812 (23.1%) |
| Renter Occupied HU | 20,449 (69.4%) |
| Vacant Housing Units | 2,213 ( 7.5%) |
| Median Home Value | $1,403,531 |
| Average Home Value | $1,446,411 |
Housing Distribution
Address Breakdown
Residential
29,567
Single Family
3,670
Multi-Family
25,897
Businesses
1,362
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