394 15th St APT 2RRBrooklynNY11215
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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
Investment property for sale in Brooklyn at 394 15th St APT 2RR, Brooklyn, NY, 11215 uses $137,573 cash to close to unlock $7,451/yr annual cash flow and $621/mo monthly cash flow. Total monthly income runs $3,392/mo, and a $2,031/mo payment keeps the spread at $621/mo. Purchase price stands at $415,000, and rental yield measures 9.81% with $3,392/mo rent. Return on cash invested shows 25.33% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 132.52% and total cumulative return in cash records $182,313. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,392/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,113 (100%) |
| Owner Occupied HU | 10,260 (33.0%) |
| Renter Occupied HU | 18,447 (59.3%) |
| Vacant Housing Units | 2,406 ( 7.7%) |
| Median Home Value | $1,666,185 |
| Average Home Value | $1,587,839 |
Housing Distribution
Address Breakdown
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
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