2543 W 16th St APT C2BrooklynNY11214
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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
Total monthly income runs $2,623/mo, and a $2,389/mo payment. Purchase price stands at $488,000, and rental yield measures 6.45% with $2,623/mo rent. Return on cash invested shows 13.19% in year one, and 5% annual appreciation builds toward $134,825 over five years. Five-year ROI reaches 68.16% and total cumulative return in cash records $110,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,623/mo property income covering a $2,389/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$270 monthly 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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