608 Saint Marks Ave #4BrooklynNY11216
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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 608 Saint Marks Ave #4, Brooklyn, NY, 11216 offers a 11.28% rental yield on a $847,000 purchase with $7,961/mo rent. Total monthly income registers $7,961/mo, and a $4,146/mo payment leaves $2,305/mo available for distribution. Annual cash flow reaches $27,654/yr on $278,663 to close, and return on cash invested stands at 29.98% in year one. Equity gained on principal adds $5,466/yr while 5% annual appreciation supports $234,010 over five years. Portfolio math shows five-year ROI at 157.49% and total cumulative return in cash at $438,856. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,961/mo property income against a $4,146/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1931
2,140 sqft lot
$N/A/sqft
No 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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