347 Myrtle AveBrooklynNY11205
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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
Total monthly income runs $6,174/mo, and a $9,784/mo payment. Purchase price stands at $1,999,000, and rental yield measures 3.71% with $6,174/mo rent. Return on cash invested shows 7.08% in year one, and 5% annual appreciation builds toward $552,287 over five years. Five-year ROI reaches 34.59% and total cumulative return in cash records $224,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,174/mo property income covering a $9,784/mo payment rather than investor’s personal income.
Single Family
Built in 1960
1,747 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11205, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,161 (100%) |
| Owner Occupied HU | 4,550 (21.5%) |
| Renter Occupied HU | 14,892 (70.4%) |
| Vacant Housing Units | 1,719 ( 8.1%) |
| Median Home Value | $988,883 |
| Average Home Value | $1,198,598 |
Housing Distribution
Address Breakdown
Residential
18,005
Single Family
2,929
Multi-Family
15,076
Businesses
1,731
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Listed by: Vito Angelo • RE/MAX Real Estate Professiona
Mls Name: BNYMLS
Mls Provider:
Mls ID: #462763
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.