602 Avenue T APT 4ABrooklynNY11223
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 602 Avenue T APT 4A, Brooklyn, NY, 11223 offers $1,950/mo rent that, after a $1,395/mo payment. Total monthly income is $1,950/mo. Return on cash invested measures 10.98% in year one, and rental yield stands at 8.21% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 59.04% and total cumulative return in cash reaches $55,782. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,950/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$750 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11223, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,920 (100%) |
| Owner Occupied HU | 9,651 (30.2%) |
| Renter Occupied HU | 20,192 (63.3%) |
| Vacant Housing Units | 2,077 ( 6.5%) |
| Median Home Value | $1,073,206 |
| Average Home Value | $1,146,126 |
Housing Distribution
Address Breakdown
Residential
23,793
Single Family
11,075
Multi-Family
12,718
Businesses
2,108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexander Vayntraub • Atlantic Properties Realty Inc
Mls Name: BNYMLS
Mls Provider:
Mls ID: #488362
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.