353 2nd St APT 4LBrooklynNY11215
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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 353 2nd St APT 4L, Brooklyn, NY, 11215 generates $5,773/mo in rent, after a $6,999/mo payment. Total monthly income is $5,773/mo. Return on cash invested sits at 7.54% in year one, and rental yield is 4.84% on a $1,430,000 entry. Equity gained on principal adds $9,228/yr, while 5% annual appreciation builds toward $395,083 over five years. Five-year ROI reaches 38.17% and total cumulative return in cash sums $176,838. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,773/mo property income rather than buyer’s personal income.
Condo
Built in 1910
N/A lot
$N/A/sqft
$1,178 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,113 (100%) |
| Owner Occupied HU | 10,260 (33.0%) |
| Renter Occupied HU | 18,447 (59.3%) |
| Vacant Housing Units | 2,406 ( 7.7%) |
| Median Home Value | $1,666,185 |
| Average Home Value | $1,587,839 |
Housing Distribution
Address Breakdown
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
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