537 Gates Ave #1BrooklynNY11216
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 537 Gates Ave #1, Brooklyn, NY, 11216 in Brooklyn speaks for itself: 10.15% gross on a $531,972 price, generating $4,498/mo in rent and $945/mo in net income after the $2,392/mo debt service. DSCR 1.88, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,342 stacks alongside $146,974 in projected five-year appreciation and $4,900/yr in principal reduction. Projected total cumulative return: $263,726.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 4.2% |
| Monthly Cash Flow | $945 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,498 |
| Total Monthly Debt Service | $3,341 |
| DSCR Ratio | 1.35x |
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 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11216, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,043 (100%) |
| Owner Occupied HU | 4,631 (15.9%) |
| Renter Occupied HU | 21,985 (75.7%) |
| Vacant Housing Units | 2,427 ( 8.4%) |
| Median Home Value | $1,536,344 |
| Average Home Value | $1,481,149 |
Housing Distribution
Address Breakdown
Residential
23,723
Single Family
5,049
Multi-Family
18,674
Businesses
1,431
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 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11216, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,043 (100%) |
| Owner Occupied HU | 4,631 (15.9%) |
| Renter Occupied HU | 21,985 (75.7%) |
| Vacant Housing Units | 2,427 ( 8.4%) |
| Median Home Value | $1,536,344 |
| Average Home Value | $1,481,149 |
Housing Distribution
Address Breakdown
Residential
23,723
Single Family
5,049
Multi-Family
18,674
Businesses
1,431
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices