379 Grove StBrooklynNY11237
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play379 Grove St, Brooklyn, NY, 11237 in Brooklyn is priced for appreciation, not yield. Rental yield 2.33%. At $1,499,000 with a 2.33% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $414,146 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.43) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $114,580.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.3% | 4.2% |
| Monthly Cash Flow | $(7,102) | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,908 |
| Total Monthly Debt Service | $9,414 |
| DSCR Ratio | 0.31x |
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.
Multi Family
Built in 1931
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11237, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,694 (100%) |
| Owner Occupied HU | 1,484 ( 7.9%) |
| Renter Occupied HU | 16,088 (86.1%) |
| Vacant Housing Units | 1,122 ( 6.0%) |
| Median Home Value | $1,120,000 |
| Average Home Value | $1,169,593 |
Housing Distribution
Address Breakdown
Residential
16,389
Single Family
2,877
Multi-Family
13,512
Businesses
1,708
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
Multi Family
Built in 1931
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11237, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,694 (100%) |
| Owner Occupied HU | 1,484 ( 7.9%) |
| Renter Occupied HU | 16,088 (86.1%) |
| Vacant Housing Units | 1,122 ( 6.0%) |
| Median Home Value | $1,120,000 |
| Average Home Value | $1,169,593 |
Housing Distribution
Address Breakdown
Residential
16,389
Single Family
2,877
Multi-Family
13,512
Businesses
1,708
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices