289 Schermerhorn St #3DBrooklynNY11217
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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 289 Schermerhorn St #3D, Brooklyn, NY, 11217 earns from $5,850/mo rent with a $8,198/mo payment. Total monthly income totals $5,850/mo. ROI tracks 8.57% on current figures, and rental yield reads 4.19% at a $1,675,000 purchase. Equity gained on principal adds $10,809/yr, and 5% annual appreciation supports $462,772 over five years. Five-year ROI reaches 42.61% and total cumulative return in cash sums $231,234. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,850/mo property income instead of your personal income.
Condo
Built in 1926
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11217, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,719 (100%) |
| Owner Occupied HU | 5,268 (21.3%) |
| Renter Occupied HU | 17,323 (70.1%) |
| Vacant Housing Units | 2,128 ( 8.6%) |
| Median Home Value | $1,753,412 |
| Average Home Value | $1,604,739 |
Housing Distribution
Address Breakdown
Residential
20,350
Single Family
2,859
Multi-Family
17,491
Businesses
1,444
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