270 E 23rd StBrooklynNY11226
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 270 E 23rd St, Brooklyn, NY, 11226 in Brooklyn. Rental yield 2.79%. At $1,577,000 with 2.79% gross yield, current distributions are modest, but the 5% appreciation rate projects $435,696 in new equity by year five, complemented by $14,524/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.52) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $159,886.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.8% | 4.2% |
| Monthly Cash Flow | $(6,860) | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,671 |
| Total Monthly Debt Service | $9,904 |
| DSCR Ratio | 0.37x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11226, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 43,262 (100%) |
| Owner Occupied HU | 4,883 (11.3%) |
| Renter Occupied HU | 35,712 (82.5%) |
| Vacant Housing Units | 2,667 ( 6.2%) |
| Median Home Value | $890,722 |
| Average Home Value | $1,011,398 |
Housing Distribution
Address Breakdown
Residential
39,296
Single Family
5,001
Multi-Family
34,295
Businesses
1,788
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11226, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 43,262 (100%) |
| Owner Occupied HU | 4,883 (11.3%) |
| Renter Occupied HU | 35,712 (82.5%) |
| Vacant Housing Units | 2,667 ( 6.2%) |
| Median Home Value | $890,722 |
| Average Home Value | $1,011,398 |
Housing Distribution
Address Breakdown
Residential
39,296
Single Family
5,001
Multi-Family
34,295
Businesses
1,788
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices