315 Gates Ave APT 5C, Brooklyn, NY, 11216 | 5.49% Rental Yield

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315 Gates Ave APT 5C, Brooklyn, NY, 11216 | 5.49% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Brooklyn at 315 Gates Ave APT 5C, Brooklyn, NY, 11216 listed at $935,000 pairs $4,277/mo rent with a $4,576/mo payment. Total monthly income runs $4,277/mo. Return on cash invested measures 10.45% in year one, and rental yield registers 5.49% at a $935,000 basis. Equity gained on principal adds $6,033/yr, and annual property appreciation at 5% supports $258,323 by year five. Five-year ROI tracks 53.42% and total cumulative return in cash totals $164,324. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,277/mo property income relative to a $4,576/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2009

N/A lot

$N/A/sqft

$498 monthly HOA

More details about the property

Private parking spot is included with this beautifully renovated home located on the cusp of Clinton Hill! There is a furnished roof deck located on the same floor as the unit. Featuring an ideal layout, this incredible space offers a washer/dryer, soaring ceilings, natural sunlight, and open views. Outfitted with a large bedroom that fits a king or queen bed, plus an interior bedroom that can also serve as a nursery or officeboth have large closets and will accommodate all of your furniture. The interior bedroom is also equipped with an AC/Heat wall-unit. This home faces east and is flooded with sunlight. The expansive open kitchen features ample storage space, a pantry, stone countertops, and Fisher & Paykel stainless steel appliances. The spacious bathroom has a deep soaking tub and a vanity with storage. 315 Gates offers incredible amenities, including a common roof deck on the 5th floor, a resident's lounge, a parking lot, a media room, a virtual doorman, an elevator, a full-time super, and refrigerated food delivery storage. Located on the cusp of Clinton Hill and Bed-Stuy, this beautiful condo is positioned just off Bedford and near the trendy Franklin Ave with cafes, restaurants, and shopping. The YMCA is right across the street. Conveniently located between the A, C, & G trains, plus the LIRR at Nostrand.

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