744 Park Pl #2BBrooklynNY11216
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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 744 Park Pl #2B, Brooklyn, NY, 11216 priced at $1,535,000 converts $4,794/mo rent into after a $7,513/mo obligation. Total monthly income equals $4,794/mo. Return on cash invested prints 6.31% in year one, and rental yield reads 3.75% against a $1,535,000 entry. Equity gained on principal adds $9,905/yr, while 5% annual appreciation compiles into $424,092 by year five. Five-year ROI reaches 30.78% and total cumulative return in cash sums $153,092. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,794/mo property income covering a $7,513/mo payment, not borrower’s personal income.
Condo
Built in 1929
N/A lot
$N/A/sqft
$372 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11216, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,043 (100%) |
| Owner Occupied HU | 4,631 (15.9%) |
| Renter Occupied HU | 21,985 (75.7%) |
| Vacant Housing Units | 2,427 ( 8.4%) |
| Median Home Value | $1,536,344 |
| Average Home Value | $1,481,149 |
Housing Distribution
Address Breakdown
Residential
23,723
Single Family
5,049
Multi-Family
18,674
Businesses
1,431
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