318 Cornelia St APT 1BrooklynNY11237
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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 318 Cornelia St APT 1, Brooklyn, NY, 11237 priced at $1,250,000 converts $7,932/mo rent into after a $6,118/mo obligation. Total monthly income equals $7,932/mo. Return on cash invested prints 17.66% in year one, and rental yield reads 7.61% against a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation compiles into $345,352 by year five. Five-year ROI reaches 91.89% and total cumulative return in cash sums $372,169. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,932/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Condo
Built in 1901
N/A lot
$N/A/sqft
$498 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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