1218 Locust Ave #1, Brooklyn, NY, 11230 | 4.33% Rental Yield

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1218 Locust Ave #1, Brooklyn, NY, 11230 | 4.33% Rental Yield | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Brooklyn at 1218 Locust Ave #1, Brooklyn, NY, 11230 generates $3,572/mo in rent, after a $4,841/mo payment. Total monthly income is $3,572/mo. Return on cash invested sits at 8.88% in year one, and rental yield is 4.33% on a $989,000 entry. Equity gained on principal adds $6,382/yr, while 5% annual appreciation builds toward $273,242 over five years. Five-year ROI reaches 44.29% and total cumulative return in cash sums $144,114. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,572/mo property income rather than buyer’s personal income.

Single Family

Built in 1940

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1218 Locust Ave, a charming home nestled in the heart of Midwood, offering the perfect blend of comfort and convenience. Located just moments from shopping, public transportation, schools, and houses of worship, this homes ideal location makes it a true gem. Step inside to a sun-drenched living room featuring high ceilings and elegant parquet flooring, setting a warm and inviting tone. The flow continues into a spacious dining room with two large closets, perfect for added storage. Next up, and updated kitchen equipped with ample cabinetry, a dual sink, and stainless steel appliances. There is also a half bathroom on this level. The second floor boasts three generously sized bedrooms, including a primary bedroom with abundant closet space. A beautiful full bathroom in the hallway adds functionality and style to this level. The fully finished basement offers additional living space, complete with a recreation room, a convenient 3/4 bath, and extra storage options. Completing this home is private parking and a garagean invaluable asset in this vibrant neighborhood. Dont miss your chance to make this Midwood treasure your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11230, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	30,949 (100%)
Owner Occupied HU	8,697 (28.1%)
Renter Occupied HU	20,273 (65.5%)
Vacant Housing Units	1,979 ( 6.4%)
Median Home Value	$998,288
Average Home Value	$1,138,275