353 61st StBrooklynNY11220
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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 61st St, Brooklyn, NY, 11220 generates $3,710/mo in rent, after a $6,989/mo payment. Total monthly income is $3,710/mo. Return on cash invested sits at 5.26% in year one, and rental yield is 3.12% on a $1,428,000 entry. Equity gained on principal adds $9,215/yr, while 5% annual appreciation builds toward $394,530 over five years. Five-year ROI reaches 24.85% and total cumulative return in cash sums $114,962. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,710/mo property income rather than buyer’s personal income.
Multi Family
Built in 1901
2,000 sqft lot
$N/A/sqft
No 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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Listed by: Daniel Gamil • RE/MAX Edge
Mls Name: BNYMLS
Mls Provider:
Mls ID: #489811
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.