315 Gates Ave APT 2EBrooklynNY11216
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
Investment Highlights
Rental property for sale in Brooklyn at 315 Gates Ave APT 2E, Brooklyn, NY, 11216 offers $5,243/mo rent that, after a $5,849/mo payment. Total monthly income is $5,243/mo. Return on cash invested measures 9.89% in year one, and rental yield stands at 5.26% at a $1,195,000 entry. Equity gained on principal adds $7,711/yr while 5% annual appreciation compounds into $330,156 by year five. Five-year ROI records 50.4% and total cumulative return in cash reaches $195,122. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,243/mo property income versus a $5,849/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2009
N/A lot
$N/A/sqft
$644 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11216, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,043 (100%) |
| Owner Occupied HU | 4,631 (15.9%) |
| Renter Occupied HU | 21,985 (75.7%) |
| Vacant Housing Units | 2,427 ( 8.4%) |
| Median Home Value | $1,536,344 |
| Average Home Value | $1,481,149 |
Housing Distribution
Address Breakdown
Residential
23,723
Single Family
5,049
Multi-Family
18,674
Businesses
1,431
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices