45 Garnet St #1ABrooklynNY11231
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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 45 Garnet St #1A, Brooklyn, NY, 11231 offers $8,380/mo rent that, after a $4,797/mo payment, leaves $1,835/mo cash flow. Total monthly income is $8,380/mo, and annual cash flow is $22,024/yr on $322,420 cash. Return on cash invested measures 26.89% in year one, and rental yield stands at 10.26% at a $980,000 entry. Equity gained on principal adds $6,324/yr while 5% annual appreciation compounds into $270,756 by year five. Five-year ROI records 140.9% and total cumulative return in cash reaches $454,284. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,380/mo property income versus a $4,797/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11231, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,446 (100%) |
| Owner Occupied HU | 4,101 (23.5%) |
| Renter Occupied HU | 12,031 (69.0%) |
| Vacant Housing Units | 1,314 ( 7.5%) |
| Median Home Value | $1,765,973 |
| Average Home Value | $1,624,888 |
Housing Distribution
Address Breakdown
Residential
15,312
Single Family
3,858
Multi-Family
11,454
Businesses
1,468
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