254 Park Pl APT 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
Investment property for sale in Brooklyn at 254 Park Pl APT 4B, Brooklyn, NY, 11238 uses $319,130 cash to close to unlock $16,418/yr annual cash flow and $1,368/mo monthly cash flow. Total monthly income runs $7,846/mo, and a $4,748/mo payment keeps the spread at $1,368/mo. Purchase price stands at $970,000, and rental yield measures 9.71% with $7,846/mo rent. Return on cash invested shows 25.2% in year one, and 5% annual appreciation builds toward $267,993 over five years. Five-year ROI reaches 131.86% and total cumulative return in cash records $420,809. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,846/mo property income covering a $4,748/mo payment rather than investor’s personal income.
Condo
Built in 1915
N/A lot
$N/A/sqft
No 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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