479 Lexington Ave #2BrooklynNY11221
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 479 Lexington Ave #2, Brooklyn, NY, 11221 in Brooklyn speaks for itself: 11.44% gross on a $499,000 price, generating $4,756/mo in rent and $1,423/mo in net income after the $2,244/mo debt service. DSCR 2.12, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $17,080 stacks alongside $137,865 in projected five-year appreciation and $4,596/yr in principal reduction. Projected total cumulative return: $281,927.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 4.2% |
| Monthly Cash Flow | $1,423 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,756 |
| Total Monthly Debt Service | $3,134 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11221, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,771 (100%) |
| Owner Occupied HU | 6,151 (15.9%) |
| Renter Occupied HU | 29,138 (75.2%) |
| Vacant Housing Units | 3,482 ( 9.0%) |
| Median Home Value | $1,248,648 |
| Average Home Value | $1,267,842 |
Housing Distribution
Address Breakdown
Residential
31,571
Single Family
10,153
Multi-Family
21,418
Businesses
1,223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11221, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,771 (100%) |
| Owner Occupied HU | 6,151 (15.9%) |
| Renter Occupied HU | 29,138 (75.2%) |
| Vacant Housing Units | 3,482 ( 9.0%) |
| Median Home Value | $1,248,648 |
| Average Home Value | $1,267,842 |
Housing Distribution
Address Breakdown
Residential
31,571
Single Family
10,153
Multi-Family
21,418
Businesses
1,223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices