623 Avenue N #EBrooklynNY11230
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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 623 Avenue N #E, Brooklyn, NY, 11230 at $480,000 posts ROI 21.24% with $177/mo cash flow from $3,382/mo rent. Total monthly income equals $3,382/mo, and annual cash flow records $2,124/yr on $159,120 to close. Return on cash invested measures 21.24% and rental yield reads 8.46% at the current $480,000. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,615 by year five. Five-year ROI prints 110.63% and total cumulative return in cash totals $176,033.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,382/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11230, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,949 (100%) |
| Owner Occupied HU | 8,697 (28.1%) |
| Renter Occupied HU | 20,273 (65.5%) |
| Vacant Housing Units | 1,979 ( 6.4%) |
| Median Home Value | $998,288 |
| Average Home Value | $1,138,275 |
Housing Distribution
Address Breakdown
Residential
30,459
Single Family
8,234
Multi-Family
22,225
Businesses
1,883
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