342 53rd St APT 3FBrooklynNY11220
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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 342 53rd St APT 3F, Brooklyn, NY, 11220 listed at $488,888 pairs $2,956/mo rent with a $2,393/mo payment. Total monthly income runs $2,956/mo. Return on cash invested measures 15.4% in year one, and rental yield registers 7.26% at a $488,888 basis. Equity gained on principal adds $3,155/yr, and annual property appreciation at 5% supports $135,071 by year five. Five-year ROI tracks 80.13% and total cumulative return in cash totals $129,863. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,956/mo property income relative to a $2,393/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2011
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11220, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,465 (100%) |
| Owner Occupied HU | 6,364 (19.6%) |
| Renter Occupied HU | 24,149 (74.4%) |
| Vacant Housing Units | 1,952 ( 6.0%) |
| Median Home Value | $1,106,071 |
| Average Home Value | $1,109,570 |
Housing Distribution
Address Breakdown
Residential
22,134
Single Family
7,854
Multi-Family
14,280
Businesses
2,771
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