450 Grand Ave #6CBrooklynNY11238
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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 450 Grand Ave #6C, Brooklyn, NY, 11238 offers $13,337/mo rent that, after a $9,539/mo payment. Total monthly income is $13,337/mo. Return on cash invested measures 18.7% in year one, and rental yield stands at 8.21% at a $1,949,000 entry. Equity gained on principal adds $12,577/yr while 5% annual appreciation compounds into $538,473 by year five. Five-year ROI records 97.74% and total cumulative return in cash reaches $617,187. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $13,337/mo property income versus a $9,539/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2023
N/A lot
$N/A/sqft
$1,202 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
29,567
Single Family
3,670
Multi-Family
25,897
Businesses
1,362
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