629 51st St #4CBrooklynNY11220
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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
Total monthly income runs $2,989/mo, and a $2,584/mo payment. Purchase price stands at $528,000, and rental yield measures 6.79% with $2,989/mo rent. Return on cash invested shows 13.99% in year one, and 5% annual appreciation builds toward $145,877 over five years. Five-year ROI reaches 72.59% and total cumulative return in cash records $126,099. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,989/mo property income covering a $2,584/mo payment rather than investor’s personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
$342 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11220, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,465 (100%) |
| Owner Occupied HU | 6,364 (19.6%) |
| Renter Occupied HU | 24,149 (74.4%) |
| Vacant Housing Units | 1,952 ( 6.0%) |
| Median Home Value | $1,106,071 |
| Average Home Value | $1,109,570 |
Housing Distribution
Address Breakdown
Residential
22,134
Single Family
7,854
Multi-Family
14,280
Businesses
2,771
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Listed by: WaiPing (Tammy) Chan • Momentum Real Estate LLC
Mls Name: BNYMLS
Mls Provider:
Mls ID: #494233
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