649 Vanderbilt Ave APT 3BBrooklynNY11238
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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
Rental property for sale in Brooklyn at 649 Vanderbilt Ave APT 3B, Brooklyn, NY, 11238 generates $5,302/mo in rent, after a $4,038/mo payment. Total monthly income is $5,302/mo. Return on cash invested sits at 19.14% in year one, and rental yield is 7.71% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 99.35% and total cumulative return in cash sums $269,661. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,302/mo property income rather than buyer’s personal income.
Condo
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11238, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,474 (100%) |
| Owner Occupied HU | 6,812 (23.1%) |
| Renter Occupied HU | 20,449 (69.4%) |
| Vacant Housing Units | 2,213 ( 7.5%) |
| Median Home Value | $1,403,531 |
| Average Home Value | $1,446,411 |
Housing Distribution
Address Breakdown
Residential
29,567
Single Family
3,670
Multi-Family
25,897
Businesses
1,362
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