695 Meeker Ave #1BrooklynNY11222
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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 695 Meeker Ave #1, Brooklyn, NY, 11222 priced at $1,300,000 converts $10,802/mo rent into $2,121/mo cash flow after a $6,363/mo obligation. Total monthly income equals $10,802/mo, and annual cash flow totals $25,448/yr on $421,200 invested. Return on cash invested prints 26.41% in year one, and rental yield reads 9.97% against a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation compiles into $359,166 by year five. Five-year ROI reaches 138.27% and total cumulative return in cash sums $582,387. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $10,802/mo property income covering a $6,363/mo payment, not borrower’s personal income.
Apartment
Built in 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11222, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,919 (100%) |
| Owner Occupied HU | 3,068 (12.8%) |
| Renter Occupied HU | 17,791 (74.4%) |
| Vacant Housing Units | 3,060 (12.8%) |
| Median Home Value | $1,554,790 |
| Average Home Value | $1,466,272 |
Housing Distribution
Address Breakdown
Residential
21,134
Single Family
3,188
Multi-Family
17,946
Businesses
2,681
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