541 Gates Ave #8BrooklynNY11216
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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 541 Gates Ave #8, Brooklyn, NY, 11216 listed at $760,000 pairs $7,926/mo rent with a $3,720/mo payment to leave $2,585/mo cash flow. Total monthly income runs $7,926/mo, and annual cash flow reaches $31,016/yr on $250,040 cash to close. Return on cash invested measures 32.46% in year one, and rental yield registers 12.51% at a $760,000 basis. Equity gained on principal adds $4,904/yr, and annual property appreciation at 5% supports $209,974 by year five. Five-year ROI tracks 171.25% and total cumulative return in cash totals $428,185. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,926/mo property income relative to a $3,720/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
$266 monthly 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
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