550 Vanderbilt Ave #615BrooklynNY11238
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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 550 Vanderbilt Ave #615, Brooklyn, NY, 11238 listed at $1,068,000 pairs $3,898/mo rent with a $5,227/mo payment. Total monthly income runs $3,898/mo. Return on cash invested measures 9.16% in year one, and rental yield registers 4.38% at a $1,068,000 basis. Equity gained on principal adds $6,892/yr, and annual property appreciation at 5% supports $295,069 by year five. Five-year ROI tracks 45.74% and total cumulative return in cash totals $158,285. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,898/mo property income relative to a $5,227/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2017
N/A lot
$N/A/sqft
No 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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