623 Wilson AveBrooklynNY11207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 623 Wilson Ave, Brooklyn, NY, 11207 priced at $1,719,000 converts $9,130/mo rent into after a $8,414/mo obligation. Total monthly income equals $9,130/mo. Return on cash invested prints 15.31% in year one, and rental yield reads 6.37% against a $1,719,000 entry. Equity gained on principal adds $11,092/yr, while 5% annual appreciation compiles into $474,928 by year five. Five-year ROI reaches 78.73% and total cumulative return in cash sums $438,476. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,130/mo property income covering a $8,414/mo payment, not borrower’s personal income.
Multi Family
Built in 1899
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11207, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,348 (100%) |
| Owner Occupied HU | 8,527 (21.7%) |
| Renter Occupied HU | 27,657 (70.3%) |
| Vacant Housing Units | 3,164 ( 8.0%) |
| Median Home Value | $703,912 |
| Average Home Value | $757,763 |
Housing Distribution
Address Breakdown
Residential
29,941
Single Family
11,110
Multi-Family
18,831
Businesses
1,787
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices