361 Eastern Parkway, Brooklyn, NY, 11216 | 4.02% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

361 Eastern Parkway, Brooklyn, NY, 11216 | 4.02% Rental Yield | Ziffy

Pending

Currently Rented

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

6 Bed
4 Bath
- sft

38 W 20th St, Bayonne, NJ, 07002

3 Bed
1 Bath
- sft

626 Meadow St, Roselle, NJ, 07203

5 Bed
2 Bath
3492 sft

4811 Fort Hamilton Pkwy, Brooklyn, NY, 11219

3 Bed
4 Bath
1830 sft

16 Wild Ave, Staten Island, NY, 10314

Nearby investment properties with comparable prices

Currently Rented+ 2 more

7 Bed
4 Bath
- sft

330-332 John St, Elizabeth, NJ, 07202

2 Bed
2 Bath
1064 sft

35 McDonald Ave APT 1F, Brooklyn, NY, 11218

10 Bed
3 Bath
2600 sft

16 Pauw St, Staten Island, NY, 10301

2 Bed
1 Bath
1090 sft

394 12th St APT 5, Brooklyn, NY, 11215

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Brooklyn at 361 Eastern Parkway, Brooklyn, NY, 11216 priced at $1,200,000 pairs $4,020/mo rent with after a $5,873/mo payment. Total monthly income equals $4,020/mo. Return on cash invested is 8.05% in year one, and rental yield stands at 4.02% on a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and 5% annual appreciation accumulates to $331,538 by year five. Five-year ROI measures 39.78% and total cumulative return in cash reaches $154,655. For financing, Ziffy Mortgage’s DSCR program evaluates $4,020/mo property income against a $5,873/mo payment instead of your W2s, 1099s, or Tax returns.

Multi Family

Built in 1899

1,900 sqft lot

$N/A/sqft

No HOA

More details about the property

One-Family Brownstone with Dental Office- Prime Brooklyn Location. In the heart of Brooklyn's vibrant and high - Traffic neighborhood, this classic one family brownstone offers incredible potential. One unit is currently utilized as a dental office, ideal for continued commercial use or possible conversion to residential with architectural review . The other unit is a residential rental tenant occupied, offering a mix of bedroom and bathroom layouts that generate steady income. This is a fixer-upper with great bones-perfect for an investor or end user looking to renovate and maximize value. Located close to shops, restaurants, schools, and public transportation, this property offers both visibility and convenience. Whether you're looking to update and hold or renovate and reconfigure, this property is a rare opportunity in sought-after area of Brooklyn.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11216, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,043 (100%)
Owner Occupied HU	4,631 (15.9%)
Renter Occupied HU	21,985 (75.7%)
Vacant Housing Units	2,427 ( 8.4%)
Median Home Value	$1,536,344
Average Home Value	$1,481,149