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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 1295 Myrtle Ave, Brooklyn, NY, 11221 offers $5,860/mo rent that, after a $6,847/mo payment. Total monthly income is $5,860/mo. Return on cash invested measures 11.15% in year one, and rental yield stands at 5.03% at a $1,399,000 entry. Equity gained on principal adds $9,028/yr while 5% annual appreciation compounds into $386,518 by year five. Five-year ROI records 56.44% and total cumulative return in cash reaches $255,845. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,860/mo property income versus a $6,847/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
987 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11221, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,771 (100%) |
| Owner Occupied HU | 6,151 (15.9%) |
| Renter Occupied HU | 29,138 (75.2%) |
| Vacant Housing Units | 3,482 ( 9.0%) |
| Median Home Value | $1,248,648 |
| Average Home Value | $1,267,842 |
Residential
31,571
Single Family
10,153
Multi-Family
21,418
Businesses
1,223
Date | Event | Price |
|---|---|---|
| 2024-06-17 | Listed for sale | $1,399,000 |
| 2023-10-24 | Sold | $80,000 |
| 2021-01-01 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | N/A | N/A | $76,260 | 27.35% |
| 2022-11-13 | N/A | N/A | $59,880 | 12.77% |
| 2021-11-13 | N/A | N/A | $53,100 | -13.15% |
Listed by: Halyna Chyrva • IHome Realty Group LLC
Mls Name: BNYMLS
Mls Provider:
Mls ID: #483920
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
