6221 23rd AveBrooklynNY11204
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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 6221 23rd Ave, Brooklyn, NY, 11204 listed at $1,799,000 pairs $4,030/mo rent with a $8,805/mo payment. Total monthly income runs $4,030/mo. Return on cash invested measures 3.93% in year one, and rental yield registers 2.69% at a $1,799,000 basis. Equity gained on principal adds $11,609/yr, and annual property appreciation at 5% supports $497,031 by year five. Five-year ROI tracks 17.73% and total cumulative return in cash totals $103,365. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,030/mo property income relative to a $8,805/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in N/A
2,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11204, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,306 (100%) |
| Owner Occupied HU | 8,047 (29.5%) |
| Renter Occupied HU | 17,747 (65.0%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $1,179,764 |
| Average Home Value | $1,219,030 |
Housing Distribution
Address Breakdown
Residential
23,034
Single Family
10,770
Multi-Family
12,264
Businesses
1,899
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