383 Manhattan Ave #3ABrooklynNY11211
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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 383 Manhattan Ave #3A, Brooklyn, NY, 11211 offers $8,107/mo rent that, after a $4,332/mo payment, leaves $1,912/mo cash flow. Total monthly income is $8,107/mo, and annual cash flow is $22,941/yr on $291,165 cash. Return on cash invested measures 27.94% in year one, and rental yield stands at 10.99% at a $885,000 entry. Equity gained on principal adds $5,711/yr while 5% annual appreciation compounds into $244,509 by year five. Five-year ROI records 146.94% and total cumulative return in cash reaches $427,830. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,107/mo property income versus a $4,332/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1899
N/A lot
$N/A/sqft
$285 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11211, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,586 (100%) |
| Owner Occupied HU | 3,831 (12.1%) |
| Renter Occupied HU | 25,292 (80.1%) |
| Vacant Housing Units | 2,463 ( 7.8%) |
| Median Home Value | $1,271,849 |
| Average Home Value | $1,337,404 |
Housing Distribution
Address Breakdown
Residential
29,196
Single Family
4,386
Multi-Family
24,810
Businesses
2,558
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