2942 W 5th St #9JJBrooklynNY11224
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 2942 W 5th St #9JJ, Brooklyn, NY, 11224 in Brooklyn achieves a 1.78 ratio at $560,000: $4,477/mo rent versus $2,518/mo debt service. Rental yield 9.59%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.59% yield compounds alongside 5% annual appreciation projecting $154,718 in value. Total projected cumulative return: $261,025.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 4.2% |
| Monthly Cash Flow | $(612) | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $4,477 |
| Total Monthly Debt Service | $3,517 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11224, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,119 (100%) |
| Owner Occupied HU | 5,815 (25.2%) |
| Renter Occupied HU | 15,544 (67.2%) |
| Vacant Housing Units | 1,760 ( 7.6%) |
| Median Home Value | $574,176 |
| Average Home Value | $741,108 |
Housing Distribution
Address Breakdown
Residential
20,351
Single Family
2,595
Multi-Family
17,756
Businesses
764
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
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11224, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,119 (100%) |
| Owner Occupied HU | 5,815 (25.2%) |
| Renter Occupied HU | 15,544 (67.2%) |
| Vacant Housing Units | 1,760 ( 7.6%) |
| Median Home Value | $574,176 |
| Average Home Value | $741,108 |
Housing Distribution
Address Breakdown
Residential
20,351
Single Family
2,595
Multi-Family
17,756
Businesses
764
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices