859 MYRTLE AVENUE APT 8GBrooklynNY11206
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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 859 MYRTLE AVENUE APT 8G, Brooklyn, NY, 11206 generates $4,680/mo in rent, after a $6,451/mo payment. Total monthly income is $4,680/mo. Return on cash invested sits at 8.79% in year one, and rental yield is 4.26% on a $1,318,000 entry. Equity gained on principal adds $8,505/yr, while 5% annual appreciation builds toward $364,139 over five years. Five-year ROI reaches 43.77% and total cumulative return in cash sums $186,891. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,680/mo property income rather than buyer’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11206, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,690 (100%) |
| Owner Occupied HU | 3,222 ( 8.3%) |
| Renter Occupied HU | 32,770 (84.7%) |
| Vacant Housing Units | 2,698 ( 7.0%) |
| Median Home Value | $975,560 |
| Average Home Value | $1,070,947 |
Housing Distribution
Address Breakdown
Residential
33,340
Single Family
5,830
Multi-Family
27,510
Businesses
1,944
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