974 Bergen St #2BrooklynNY11216
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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 974 Bergen St #2, Brooklyn, NY, 11216 listed at $1,299,994 pairs $5,498/mo rent with a $6,363/mo payment. Total monthly income runs $5,498/mo. Return on cash invested measures 11.3% in year one, and rental yield registers 5.08% at a $1,299,994 basis. Equity gained on principal adds $8,389/yr, and annual property appreciation at 5% supports $359,164 by year five. Five-year ROI tracks 57.24% and total cumulative return in cash totals $241,081. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,498/mo property income relative to a $6,363/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11216, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,043 (100%) |
| Owner Occupied HU | 4,631 (15.9%) |
| Renter Occupied HU | 21,985 (75.7%) |
| Vacant Housing Units | 2,427 ( 8.4%) |
| Median Home Value | $1,536,344 |
| Average Home Value | $1,481,149 |
Housing Distribution
Address Breakdown
Residential
23,723
Single Family
5,049
Multi-Family
18,674
Businesses
1,431
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