318 E 59th StreetBrooklynNY11203
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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
Investment property for sale in Brooklyn at 318 E 59th Street, Brooklyn, NY, 11203 with 5% annual appreciation on a $749,999 basis while $6,991/mo rent supports operations. Total monthly income totals $6,991/mo and a $3,671/mo payment preserves $1,983/mo for cash returns. Annual cash flow comes to $23,790/yr on $246,750 deployed, and return on cash invested reaches 29.7% in year one. Equity gained on principal adds $4,840/yr, and five-year appreciation sums $207,211 alongside rental yield of 11.19%. Five-year ROI measures 155.97% and total cumulative return in cash totals $384,857.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,991/mo property income versus a $3,671/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
1,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11203, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,458 (100%) |
| Owner Occupied HU | 10,125 (33.2%) |
| Renter Occupied HU | 18,555 (60.9%) |
| Vacant Housing Units | 1,778 ( 5.8%) |
| Median Home Value | $671,755 |
| Average Home Value | $719,379 |
Housing Distribution
Address Breakdown
Residential
22,794
Single Family
10,334
Multi-Family
12,460
Businesses
1,490
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Listed by: Sergio Balza • HomeSmart Premier Living Rlty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3565618
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