491 Monroe St UNIT 3BBrooklynNY11221
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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 491 Monroe St UNIT 3B, Brooklyn, NY, 11221 priced at $849,500 pairs $8,473/mo rent with $2,292/mo cash flow after a $4,158/mo payment. Total monthly income equals $8,473/mo, and annual cash flow comes to $27,505/yr on $279,486 invested. Return on cash invested is 29.9% in year one, and rental yield stands at 11.97% on a $849,500 basis. Equity gained on principal adds $5,482/yr, and 5% annual appreciation accumulates to $234,701 by year five. Five-year ROI measures 157.84% and total cumulative return in cash reaches $441,141. For financing, Ziffy Mortgage’s DSCR program evaluates $8,473/mo property income against a $4,158/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2018
N/A lot
$N/A/sqft
$508 monthly 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
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