582 Bay Ridge AveBrooklynNY11220
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
Investment Highlights
Rental property for sale in Brooklyn at 582 Bay Ridge Ave, Brooklyn, NY, 11220 priced at $1,168,000 pairs $3,830/mo rent with after a $5,717/mo payment. Total monthly income equals $3,830/mo. Return on cash invested is 7.78% in year one, and rental yield stands at 3.93% on a $1,168,000 basis. Equity gained on principal adds $7,537/yr, and 5% annual appreciation accumulates to $322,697 by year five. Five-year ROI measures 38.37% and total cumulative return in cash reaches $145,221. For financing, Ziffy Mortgage’s DSCR program evaluates $3,830/mo property income against a $5,717/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11220, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,465 (100%) |
| Owner Occupied HU | 6,364 (19.6%) |
| Renter Occupied HU | 24,149 (74.4%) |
| Vacant Housing Units | 1,952 ( 6.0%) |
| Median Home Value | $1,106,071 |
| Average Home Value | $1,109,570 |
Housing Distribution
Address Breakdown
Residential
22,134
Single Family
7,854
Multi-Family
14,280
Businesses
2,771
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices