515 E 7th St APT 3PBrooklynNY11218
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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 515 E 7th St APT 3P, Brooklyn, NY, 11218 uses $99,119 cash to close to unlock $9,957/yr annual cash flow and $830/mo monthly cash flow. Total monthly income runs $2,826/mo, and a $1,463/mo payment keeps the spread at $830/mo. Purchase price stands at $299,000, and rental yield measures 11.34% with $2,826/mo rent. Return on cash invested shows 29.95% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 157.35% and total cumulative return in cash records $155,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,826/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11218, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,624 (100%) |
| Owner Occupied HU | 7,691 (27.8%) |
| Renter Occupied HU | 17,935 (64.9%) |
| Vacant Housing Units | 1,998 ( 7.2%) |
| Median Home Value | $1,054,643 |
| Average Home Value | $1,154,933 |
Housing Distribution
Address Breakdown
Residential
24,072
Single Family
6,875
Multi-Family
17,197
Businesses
1,595
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