3 Ridgewood Pl #2BrooklynNY11237
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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
Rental property for sale in Brooklyn at 3 Ridgewood Pl #2, Brooklyn, NY, 11237 offers $4,992/mo rent that, after a $4,400/mo payment. Total monthly income is $4,992/mo. Return on cash invested measures 13.6% in year one, and rental yield stands at 6.66% at a $899,000 entry. Equity gained on principal adds $5,801/yr while 5% annual appreciation compounds into $248,377 by year five. Five-year ROI records 70.5% and total cumulative return in cash reaches $208,510. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,992/mo property income versus a $4,400/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2017
N/A lot
$N/A/sqft
$580 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11237, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,694 (100%) |
| Owner Occupied HU | 1,484 ( 7.9%) |
| Renter Occupied HU | 16,088 (86.1%) |
| Vacant Housing Units | 1,122 ( 6.0%) |
| Median Home Value | $1,120,000 |
| Average Home Value | $1,169,593 |
Housing Distribution
Address Breakdown
Residential
16,389
Single Family
2,877
Multi-Family
13,512
Businesses
1,708
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