773 Eastern Parkway #2BBrooklynNY11213
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 773 Eastern Parkway #2B, Brooklyn, NY, 11213 in Brooklyn at $305,000 earns $2,087/mo in rent and nets $50/mo after the $1,371/mo payment, a 8.21% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $84,266 over five years. Ziffy Mortgage underwrites this on a 1.52 DSCR without U.S. credit history. With $2,809/yr in principal paydown, total projected return reaches $119,618.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 4.2% |
| Monthly Cash Flow | $50 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,087 |
| Total Monthly Debt Service | $1,915 |
| DSCR Ratio | 1.09x |
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 1905
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11213, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,523 (100%) |
| Owner Occupied HU | 4,048 (14.7%) |
| Renter Occupied HU | 21,356 (77.6%) |
| Vacant Housing Units | 2,119 ( 7.7%) |
| Median Home Value | $1,187,974 |
| Average Home Value | $1,262,164 |
Housing Distribution
Address Breakdown
Residential
23,699
Single Family
4,859
Multi-Family
18,840
Businesses
1,169
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 1905
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11213, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,523 (100%) |
| Owner Occupied HU | 4,048 (14.7%) |
| Renter Occupied HU | 21,356 (77.6%) |
| Vacant Housing Units | 2,119 ( 7.7%) |
| Median Home Value | $1,187,974 |
| Average Home Value | $1,262,164 |
Housing Distribution
Address Breakdown
Residential
23,699
Single Family
4,859
Multi-Family
18,840
Businesses
1,169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices