711 Miller AveBrooklynNY11207
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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 711 Miller Ave, Brooklyn, NY, 11207 priced at $545,000 converts $3,845/mo rent into $205/mo cash flow after a $2,668/mo obligation. Total monthly income equals $3,845/mo, and annual cash flow totals $2,461/yr on $179,305 invested. Return on cash invested prints 21.43% in year one, and rental yield reads 8.47% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 111.65% and total cumulative return in cash sums $200,196. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,845/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Multi Family
Built in 1930
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11207, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,348 (100%) |
| Owner Occupied HU | 8,527 (21.7%) |
| Renter Occupied HU | 27,657 (70.3%) |
| Vacant Housing Units | 3,164 ( 8.0%) |
| Median Home Value | $703,912 |
| Average Home Value | $757,763 |
Housing Distribution
Address Breakdown
Residential
29,941
Single Family
11,110
Multi-Family
18,831
Businesses
1,787
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