8614 Avenue L #402BrooklynNY11236
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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
Investment property for sale in Brooklyn at 8614 Avenue L #402, Brooklyn, NY, 11236 listed at $459,999 pairs $2,767/mo rent with a $2,251/mo payment. Total monthly income runs $2,767/mo. Return on cash invested measures 17.51% in year one, and rental yield registers 7.22% at a $459,999 basis. Equity gained on principal adds $2,968/yr, and annual property appreciation at 5% supports $127,089 by year five. Five-year ROI tracks 90.64% and total cumulative return in cash totals $138,217. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,767/mo property income relative to a $2,251/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1989
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11236, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,656 (100%) |
| Owner Occupied HU | 14,596 (42.1%) |
| Renter Occupied HU | 18,459 (53.3%) |
| Vacant Housing Units | 1,601 ( 4.6%) |
| Median Home Value | $714,028 |
| Average Home Value | $730,006 |
Housing Distribution
Address Breakdown
Residential
24,470
Single Family
18,597
Multi-Family
5,873
Businesses
1,452
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