916 62nd StBrooklynNY11219
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Brooklyn at 916 62nd St, Brooklyn, NY, 11219 projects strong ROI of 0.91%. Rental yield 1.87%. With 5% annual appreciation, the property builds $685,178 in value over five years. Equity growth combined delivers a projected five-year ROI of 18.4%, translating into $128,903 in total cumulative return on $700,600 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.9% | 4.2% |
| Monthly Cash Flow | $(12,692) | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,869 |
| Total Monthly Debt Service | $15,574 |
| DSCR Ratio | 0.25x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Multi Family
Built in 1920
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11219, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,503 (100%) |
| Owner Occupied HU | 6,319 (20.7%) |
| Renter Occupied HU | 21,992 (72.1%) |
| Vacant Housing Units | 2,192 ( 7.2%) |
| Median Home Value | $1,186,085 |
| Average Home Value | $1,250,046 |
Housing Distribution
Address Breakdown
Residential
23,152
Single Family
8,338
Multi-Family
14,814
Businesses
2,719
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
Multi Family
Built in 1920
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11219, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,503 (100%) |
| Owner Occupied HU | 6,319 (20.7%) |
| Renter Occupied HU | 21,992 (72.1%) |
| Vacant Housing Units | 2,192 ( 7.2%) |
| Median Home Value | $1,186,085 |
| Average Home Value | $1,250,046 |
Housing Distribution
Address Breakdown
Residential
23,152
Single Family
8,338
Multi-Family
14,814
Businesses
2,719
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices