501 Myrtle Ave APT 4B, Brooklyn, NY, 11205 | 7.78% Rental Yield

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501 Myrtle Ave APT 4B, Brooklyn, NY, 11205 | 7.78% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $4,050/mo, and a $3,059/mo payment. Purchase price stands at $625,000, and rental yield measures 7.78% with $4,050/mo rent. Return on cash invested shows 19.34% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 100.4% and total cumulative return in cash records $206,449. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,050/mo property income covering a $3,059/mo payment rather than investor’s personal income.

Condo

Built in 2023

N/A lot

$N/A/sqft

No HOA

More details about the property

Contemporary Living in the Heart of Clinton Hill Welcome to 501 Myrtle Avenue,, #4B, a boutique new development condominium near Pratt Institute and Fort Greene Park. This sun-filled 1-bedroom condo features an open layout, private balcony, solid oak hardwoods, and floor-to-ceiling Schuco windows for maximum light and quiet. The sleek kitchen is fitted with custom cabinetry, quartz counters, glossy tile backsplash, and stainless steel appliances, while the spa-like bath boasts a custom vanity and Kohler fixtures. Comfort is elevated with two-zone heating and cooling throughout, plus the convenience of personal washer and dryer.* Building amenities include a fitness center and virtual doorman. Nestled between Clinton Hill and the brownstone blocks of Fort Greene, you're moments from neighborhood favorites like Miss Ada, Sailor, and Rosticceria Evelina, plus countless cafs, shops, and markets. Convenient G train access makes getting around Brooklyn and to Manhattan effortless. *Please note, the personal washer/dryer is right outside the apartment door and private to the unit.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11205, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,161 (100%)
Owner Occupied HU	4,550 (21.5%)
Renter Occupied HU	14,892 (70.4%)
Vacant Housing Units	1,719 ( 8.1%)
Median Home Value	$988,883
Average Home Value	$1,198,598