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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Brooklyn at 110 Spencer Street UNIT 4B, Brooklyn, NY, 11205 generates $3,862/mo in rent, after a $6,847/mo payment. Total monthly income is $3,862/mo. Return on cash invested sits at 5.86% in year one, and rental yield is 3.31% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 28.08% and total cumulative return in cash sums $127,289. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,862/mo property income rather than buyer’s personal income.
Condo
Built in 2003
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11205, Brooklyn, NY area.
| 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 |
Residential
18,005
Single Family
2,929
Multi-Family
15,076
Businesses
1,731
Date | Event | Price |
|---|---|---|
| 2024-07-24 | Listed for sale | $1,399,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
None
Listed by: Chaim A Reich • eRealty Advisors, Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6319700
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.
