2538 Mill AveBrooklynNY11234
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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
Investment property for sale in Brooklyn at 2538 Mill Ave, Brooklyn, NY, 11234 with 5% annual appreciation on a $1,185,100 basis while $3,251/mo rent supports operations. 8% in year one. Equity gained on principal adds $7,647/yr, and five-year appreciation sums $327,421 alongside rental yield of 3.29%. Five-year ROI measures 27.74% and total cumulative return in cash totals $106,501. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,251/mo property income versus a $5,800/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1960
2,550 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11234, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,763 (100%) |
| Owner Occupied HU | 18,894 (57.7%) |
| Renter Occupied HU | 11,707 (35.7%) |
| Vacant Housing Units | 2,162 ( 6.6%) |
| Median Home Value | $761,967 |
| Average Home Value | $819,145 |
Housing Distribution
Address Breakdown
Residential
26,624
Single Family
22,963
Multi-Family
3,661
Businesses
1,770
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