605 Manhattan Ave APT 4BrooklynNY11222
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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
Rental property for sale in Brooklyn at 605 Manhattan Ave APT 4, Brooklyn, NY, 11222 priced at $880,000 converts $6,896/mo rent into $446/mo cash flow after a $4,307/mo obligation. Total monthly income equals $6,896/mo, and annual cash flow totals $5,348/yr on $289,520 invested. Return on cash invested prints 21.91% in year one, and rental yield reads 9.4% against a $880,000 entry. Equity gained on principal adds $5,679/yr, while 5% annual appreciation compiles into $243,128 by year five. Five-year ROI reaches 115.03% and total cumulative return in cash sums $333,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,896/mo property income covering a $4,307/mo payment, not borrower’s personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
$574 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11222, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,919 (100%) |
| Owner Occupied HU | 3,068 (12.8%) |
| Renter Occupied HU | 17,791 (74.4%) |
| Vacant Housing Units | 3,060 (12.8%) |
| Median Home Value | $1,554,790 |
| Average Home Value | $1,466,272 |
Housing Distribution
Address Breakdown
Residential
21,134
Single Family
3,188
Multi-Family
17,946
Businesses
2,681
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