61 Oliver St APT 1TBrooklynNY11209
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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 61 Oliver St APT 1T, Brooklyn, NY, 11209 priced at $259,000 pairs $1,826/mo rent with $96/mo cash flow after a $1,268/mo payment. Total monthly income equals $1,826/mo, and annual cash flow comes to $1,153/yr on $85,859 invested. Return on cash invested is 21.25% in year one, and rental yield stands at 8.46% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 110.74% and total cumulative return in cash reaches $95,080. For financing, Ziffy Mortgage’s DSCR program evaluates $1,826/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11209, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,347 (100%) |
| Owner Occupied HU | 10,175 (30.5%) |
| Renter Occupied HU | 21,237 (63.7%) |
| Vacant Housing Units | 1,935 ( 5.8%) |
| Median Home Value | $1,072,126 |
| Average Home Value | $1,081,829 |
Housing Distribution
Address Breakdown
Residential
29,004
Single Family
8,429
Multi-Family
20,575
Businesses
1,980
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