323 38th StBrooklynNY11232
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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 323 38th St, Brooklyn, NY, 11232 earns $2,272/mo cash flow from $6,540/mo rent with a $3,128/mo payment. Total monthly income totals $6,540/mo, and annual cash flow totals $27,269/yr on $210,231 capital. ROI tracks 33.03% on current figures, and rental yield reads 12.28% at a $639,000 purchase. Equity gained on principal adds $4,123/yr, and 5% annual appreciation supports $176,544 over five years. Five-year ROI reaches 173.83% and total cumulative return in cash sums $365,452. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,540/mo property income instead of your personal income.
Single Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11232, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,287 (100%) |
| Owner Occupied HU | 2,037 (19.8%) |
| Renter Occupied HU | 7,496 (72.9%) |
| Vacant Housing Units | 754 ( 7.3%) |
| Median Home Value | $1,094,994 |
| Average Home Value | $1,080,814 |
Housing Distribution
Address Breakdown
Residential
7,688
Single Family
1,900
Multi-Family
5,788
Businesses
1,973
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