609 Myrtle Ave APT 2ABrooklynNY11205
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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 609 Myrtle Ave APT 2A, Brooklyn, NY, 11205 offers a 5.97% rental yield on a $1,195,000 purchase with $5,950/mo rent. 08% in year one. Equity gained on principal adds $7,711/yr while 5% annual appreciation supports $330,156 over five years. Portfolio math shows five-year ROI at 72.13% and total cumulative return in cash at $279,266. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,950/mo property income against a $5,849/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11205, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,161 (100%) |
| Owner Occupied HU | 4,550 (21.5%) |
| Renter Occupied HU | 14,892 (70.4%) |
| Vacant Housing Units | 1,719 ( 8.1%) |
| Median Home Value | $988,883 |
| Average Home Value | $1,198,598 |
Housing Distribution
Address Breakdown
Residential
18,005
Single Family
2,929
Multi-Family
15,076
Businesses
1,731
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