636 Lorimer St #PENTHOUSE 3BrooklynNY11211
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
Total monthly income runs $6,240/mo, and a $9,030/mo payment. Purchase price stands at $1,845,000, and rental yield measures 4.06% with $6,240/mo rent. Return on cash invested shows 8.16% in year one, and 5% annual appreciation builds toward $509,739 over five years. Five-year ROI reaches 40.41% and total cumulative return in cash records $241,587. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,240/mo property income covering a $9,030/mo payment rather than investor’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11211, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,586 (100%) |
| Owner Occupied HU | 3,831 (12.1%) |
| Renter Occupied HU | 25,292 (80.1%) |
| Vacant Housing Units | 2,463 ( 7.8%) |
| Median Home Value | $1,271,849 |
| Average Home Value | $1,337,404 |
Housing Distribution
Address Breakdown
Residential
29,196
Single Family
4,386
Multi-Family
24,810
Businesses
2,558
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices