647 Midwood St #3ABrooklynNY11203
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors approaching the U.S. market with capital-preservation in mind will find 647 Midwood St #3A, Brooklyn, NY, 11203 in Brooklyn aligned with their strategy. Rental yield 7.45%. DSCR 1.38 and 7.45% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $6,447/yr in paydown build toward a projected cumulative return of $245,762.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 4.2% |
| Monthly Cash Flow | $(578) | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,346 |
| Total Monthly Debt Service | $4,396 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11203, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,458 (100%) |
| Owner Occupied HU | 10,125 (33.2%) |
| Renter Occupied HU | 18,555 (60.9%) |
| Vacant Housing Units | 1,778 ( 5.8%) |
| Median Home Value | $671,755 |
| Average Home Value | $719,379 |
Housing Distribution
Address Breakdown
Residential
22,794
Single Family
10,334
Multi-Family
12,460
Businesses
1,490
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
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11203, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,458 (100%) |
| Owner Occupied HU | 10,125 (33.2%) |
| Renter Occupied HU | 18,555 (60.9%) |
| Vacant Housing Units | 1,778 ( 5.8%) |
| Median Home Value | $671,755 |
| Average Home Value | $719,379 |
Housing Distribution
Address Breakdown
Residential
22,794
Single Family
10,334
Multi-Family
12,460
Businesses
1,490
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices