500 Waverly Ave #6FBrooklynNY11238
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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 500 Waverly Ave #6F, Brooklyn, NY, 11238 at $875,000 posts ROI 22.72% with $639/mo cash flow from $7,655/mo rent. Total monthly income equals $7,655/mo, and annual cash flow records $7,663/yr on $287,875 to close. Return on cash invested measures 22.72% and rental yield reads 10.5% at the current $875,000. Equity gained on principal adds $5,646/yr, and 5% annual appreciation supports $241,746 by year five. Five-year ROI prints 120.31% and total cumulative return in cash totals $346,343.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,655/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2017
N/A lot
$N/A/sqft
$1,173 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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