609 Myrtle Ave APT 5ABrooklynNY11205
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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 5A, Brooklyn, NY, 11205 listed at $1,025,000 pairs $3,963/mo rent with a $5,017/mo payment. Total monthly income runs $3,963/mo. Return on cash invested measures 6.92% in year one, and rental yield registers 4.64% at a $1,025,000 basis. Equity gained on principal adds $6,614/yr, and annual property appreciation at 5% supports $283,189 by year five. Five-year ROI tracks 34.87% and total cumulative return in cash totals $115,792. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,963/mo property income relative to a $5,017/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
$840 monthly 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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