97 70th StBrooklynNY11209
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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 97 70th St, Brooklyn, NY, 11209 priced at $1,524,900 converts $3,884/mo rent into after a $7,464/mo obligation. Total monthly income equals $3,884/mo. Return on cash invested prints 5.07% in year one, and rental yield reads 3.06% against a $1,524,900 entry. Equity gained on principal adds $9,840/yr, while 5% annual appreciation compiles into $421,302 by year five. Five-year ROI reaches 23.83% and total cumulative return in cash sums $117,713. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,884/mo property income covering a $7,464/mo payment, not borrower’s personal income.
Multi Family
Built in 1925
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11209, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,347 (100%) |
| Owner Occupied HU | 10,175 (30.5%) |
| Renter Occupied HU | 21,237 (63.7%) |
| Vacant Housing Units | 1,935 ( 5.8%) |
| Median Home Value | $1,072,126 |
| Average Home Value | $1,081,829 |
Housing Distribution
Address Breakdown
Residential
29,004
Single Family
8,429
Multi-Family
20,575
Businesses
1,980
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Listed by: Diana Kostandi • JM Properties
Mls Name: SIBOR
Mls Provider:
Mls ID: #2403343
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