399 Prospect AveBrooklynNY11215
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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 399 Prospect Ave, Brooklyn, NY, 11215 priced at $1,865,000 converts $7,532/mo rent into after a $9,128/mo obligation. Total monthly income equals $7,532/mo. Return on cash invested prints 10.6% in year one, and rental yield reads 4.85% against a $1,865,000 entry. Equity gained on principal adds $12,035/yr, while 5% annual appreciation compiles into $515,265 by year five. Five-year ROI reaches 53.46% and total cumulative return in cash sums $323,034. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,532/mo property income covering a $9,128/mo payment, not borrower’s personal income.
Multi Family
Built in 1901
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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