96 16th St #1BrooklynNY11215
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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 96 16th St #1, Brooklyn, NY, 11215 generates $12,996/mo in rent and, after a $7,807/mo payment, leaves $1,298/mo in cash flow. Total monthly income is $12,996/mo, and annual cash flow is $15,571/yr on $516,780 invested. Return on cash invested sits at 23.38% in year one, and rental yield is 9.78% on a $1,595,000 entry. Equity gained on principal adds $10,292/yr, while 5% annual appreciation builds toward $440,669 over five years. Five-year ROI reaches 122.91% and total cumulative return in cash sums $635,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $12,996/mo property income rather than buyer’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
$1,047 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,113 (100%) |
| Owner Occupied HU | 10,260 (33.0%) |
| Renter Occupied HU | 18,447 (59.3%) |
| Vacant Housing Units | 2,406 ( 7.7%) |
| Median Home Value | $1,666,185 |
| Average Home Value | $1,587,839 |
Housing Distribution
Address Breakdown
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
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