97 Waverly Ave APT 2FBrooklynNY11205
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.55% yield at 97 Waverly Ave APT 2F, Brooklyn, NY, 11205 in Brooklyn is solid, but the $2,810/mo payment compresses net cash flow to $45/mo at $625,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $172,676 by year five, and $5,756/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.59) without U.S. income documentation. Total projected return: $256,522.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 4.2% |
| Monthly Cash Flow | $45 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,456 |
| Total Monthly Debt Service | $3,925 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11205, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,161 (100%) |
| Owner Occupied HU | 4,550 (21.5%) |
| Renter Occupied HU | 14,892 (70.4%) |
| Vacant Housing Units | 1,719 ( 8.1%) |
| Median Home Value | $988,883 |
| Average Home Value | $1,198,598 |
Housing Distribution
Address Breakdown
Residential
18,005
Single Family
2,929
Multi-Family
15,076
Businesses
1,731
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
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11205, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,161 (100%) |
| Owner Occupied HU | 4,550 (21.5%) |
| Renter Occupied HU | 14,892 (70.4%) |
| Vacant Housing Units | 1,719 ( 8.1%) |
| Median Home Value | $988,883 |
| Average Home Value | $1,198,598 |
Housing Distribution
Address Breakdown
Residential
18,005
Single Family
2,929
Multi-Family
15,076
Businesses
1,731
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices