3021 Avenue W #FBrooklynNY11229
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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 3021 Avenue W #F, Brooklyn, NY, 11229 priced at $229,000 converts $1,901/mo rent into after a $1,121/mo obligation. Total monthly income equals $1,901/mo. Return on cash invested prints 12.92% in year one, and rental yield reads 9.96% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 70.67% and total cumulative return in cash sums $53,645. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,901/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
$814 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11229, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,898 (100%) |
| Owner Occupied HU | 13,087 (39.8%) |
| Renter Occupied HU | 17,854 (54.3%) |
| Vacant Housing Units | 1,957 ( 5.9%) |
| Median Home Value | $849,561 |
| Average Home Value | $904,894 |
Housing Distribution
Address Breakdown
Residential
28,358
Single Family
12,061
Multi-Family
16,297
Businesses
1,887
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