435 Tompkins Ave #601BrooklynNY11216
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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 435 Tompkins Ave #601, Brooklyn, NY, 11216 uses $259,252 cash to close to unlock $8,481/yr annual cash flow and $707/mo monthly cash flow. Total monthly income runs $6,414/mo, and a $3,857/mo payment keeps the spread at $707/mo. Purchase price stands at $788,000, and rental yield measures 9.77% with $6,414/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $217,710 over five years. Five-year ROI reaches 122.55% and total cumulative return in cash records $317,708. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,414/mo property income covering a $3,857/mo payment rather than investor’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
$445 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11216, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,043 (100%) |
| Owner Occupied HU | 4,631 (15.9%) |
| Renter Occupied HU | 21,985 (75.7%) |
| Vacant Housing Units | 2,427 ( 8.4%) |
| Median Home Value | $1,536,344 |
| Average Home Value | $1,481,149 |
Housing Distribution
Address Breakdown
Residential
23,723
Single Family
5,049
Multi-Family
18,674
Businesses
1,431
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