394 Vanderbilt Ave #1S, Brooklyn, NY, 11238 | 5.01% Rental Yield

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394 Vanderbilt Ave #1S, Brooklyn, NY, 11238 | 5.01% Rental Yield | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Brooklyn at 394 Vanderbilt Ave #1S, Brooklyn, NY, 11238 generates $8,148/mo in rent, after a $9,544/mo payment. Total monthly income is $8,148/mo. Return on cash invested sits at 9.44% in year one, and rental yield is 5.01% on a $1,950,000 entry. Equity gained on principal adds $12,583/yr, while 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 47.86% and total cumulative return in cash sums $302,357. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,148/mo property income rather than buyer’s personal income.

Condo

Built in 1899

N/A lot

$N/A/sqft

$882 monthly HOA

More details about the property

Step into this beautifully designed, newly constructed duplex in the highly sought-after neighborhood of Fort Greene. Spanning 1,632 square feet of living space, this one-bedroom (convertible 2 bedroom), 2.5 bathroom home offers abundant natural light, indoor-outdoor living, and high-end finishes throughout. The open-concept living/dining area is perfect for relaxing, while the expansive private yard is ideal for outdoor entertaining. The kitchen features granite countertops, subway tile backsplash, and premium appliances, including a Bertazzoni range and Bosch refrigerator and dishwasher. The luxurious primary suite features a walk-in closet and an en suite bathroom with a double vanity and a rain shower, all wrapped in Carrara marble. On the lower level, you'll find a versatile space that can serve as a secondary bedroom, with an additional area for a home office, gym, or a media room room. This level also includes a powder room and in-unit washer/dryer. Other features of the home include engineered oak floors, high ceilings, forced air heating, split A/C units, and video intercom entry for added comfort. Located in the heart of Fort Greenes Historic District, this home is close to neighborhood parks, including Fort Greene Park, amazing restaurants and more. Youll also have easy access to Barclays Center, BAM, and a wide array of transit options, including the C and G trains and the B/D, N/Q/R, 2/3, 4/5, and LIRR lines at Atlantic Terminal.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11238, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,474 (100%)
Owner Occupied HU	6,812 (23.1%)
Renter Occupied HU	20,449 (69.4%)
Vacant Housing Units	2,213 ( 7.5%)
Median Home Value	$1,403,531
Average Home Value	$1,446,411