686 Carroll St #4BrooklynNY11215
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 686 Carroll St #4, Brooklyn, NY, 11215 in Brooklyn deserves attention. This $755,400 property earns $9,788/mo in rent, a 15.55% gross yield, and nets $4,385/mo after the $3,397/mo payment. DSCR 2.88 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $208,703 compounds alongside $6,957/yr in yearly equity build, for a total cumulative return of $571,730.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.6% | 4.2% |
| Monthly Cash Flow | $4,385 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $9,788 |
| Total Monthly Debt Service | $5,103 |
| DSCR Ratio | 1.92x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2022
2,308 sqft lot
$N/A/sqft
$359 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,113 (100%) |
| Owner Occupied HU | 10,260 (33.0%) |
| Renter Occupied HU | 18,447 (59.3%) |
| Vacant Housing Units | 2,406 ( 7.7%) |
| Median Home Value | $1,666,185 |
| Average Home Value | $1,587,839 |
Housing Distribution
Address Breakdown
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
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 2022
2,308 sqft lot
$N/A/sqft
$359 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,113 (100%) |
| Owner Occupied HU | 10,260 (33.0%) |
| Renter Occupied HU | 18,447 (59.3%) |
| Vacant Housing Units | 2,406 ( 7.7%) |
| Median Home Value | $1,666,185 |
| Average Home Value | $1,587,839 |
Housing Distribution
Address Breakdown
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices