302 2nd St APT 12IBrooklynNY11215
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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 302 2nd St APT 12I, Brooklyn, NY, 11215 generates $4,278/mo in rent, after a $3,725/mo payment. Total monthly income is $4,278/mo. Return on cash invested sits at 16.21% in year one, and rental yield is 6.75% on a $761,000 entry. Equity gained on principal adds $4,911/yr, while 5% annual appreciation builds toward $210,250 over five years. Five-year ROI reaches 83.59% and total cumulative return in cash sums $209,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,278/mo property income rather than buyer’s personal income.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,113 (100%) |
| Owner Occupied HU | 10,260 (33.0%) |
| Renter Occupied HU | 18,447 (59.3%) |
| Vacant Housing Units | 2,406 ( 7.7%) |
| Median Home Value | $1,666,185 |
| Average Home Value | $1,587,839 |
Housing Distribution
Address Breakdown
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
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