377 E 98th StBrooklynNY11212
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Brooklyn at 377 E 98th St, Brooklyn, NY, 11212 projects strong ROI of 0.54%. Rental yield 1.77%. With 5% annual appreciation, the property builds $635,448 in value over five years. Equity growth combined delivers a projected five-year ROI of 16.4%, translating into $106,576 in total cumulative return on $649,750 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.8% | 4.2% |
| Monthly Cash Flow | $(11,973) | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,386 |
| Total Monthly Debt Service | $14,444 |
| DSCR Ratio | 0.23x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Home Type Unknown
Built in 1931
2,994 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11212, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,629 (100%) |
| Owner Occupied HU | 4,973 (14.4%) |
| Renter Occupied HU | 27,923 (80.6%) |
| Vacant Housing Units | 1,733 ( 5.0%) |
| Median Home Value | $559,685 |
| Average Home Value | $614,264 |
Housing Distribution
Address Breakdown
Residential
29,817
Single Family
6,072
Multi-Family
23,745
Businesses
1,423
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Home Type Unknown
Built in 1931
2,994 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11212, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,629 (100%) |
| Owner Occupied HU | 4,973 (14.4%) |
| Renter Occupied HU | 27,923 (80.6%) |
| Vacant Housing Units | 1,733 ( 5.0%) |
| Median Home Value | $559,685 |
| Average Home Value | $614,264 |
Housing Distribution
Address Breakdown
Residential
29,817
Single Family
6,072
Multi-Family
23,745
Businesses
1,423
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices