1345 E 38th St, Brooklyn, NY, 11234 | 6.48% Rental Yield

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1345 E 38th St, Brooklyn, NY, 11234 | 6.48% Rental Yield | Ziffy

For Sale

Listed for sale today

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 1345 E 38th St, Brooklyn, NY, 11234 generates $6,804/mo in rent, after a $6,167/mo payment. Total monthly income is $6,804/mo. Return on cash invested sits at 15.64% in year one, and rental yield is 6.48% on a $1,260,000 entry. Equity gained on principal adds $8,131/yr, while 5% annual appreciation builds toward $348,115 over five years. Five-year ROI reaches 80.49% and total cumulative return in cash sums $328,593. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,804/mo property income rather than buyer’s personal income.

Multi Family

Built in N/A

3,835 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this exceptional brick Multi-Unit residence in Marine Park, where space, comfort, and opportunity come together beautifully. Featuring a 3-bedroom over 3-bedroom layout and a fully finished basement with a private entrance, this home is sheer for those looking to build generational wealth through smart investment. Set on an extra-large lot, this well-loved brick home offers room to grow, gather, and create lasting memories-inside and out. Sun-filled rooms, generous living spaces, and a thoughtfully designed floor plan provide warmth and comfort for both households. The finished basement offers flexible space for recreation, storage. Built to last, the home showcases timeless brick construction and strong structural integrity, offering peace of mind for years to come. A two-car garage and private driveway with parking for up to four vehicles make everyday living easy and convenient for guests alike. With major updates completed within the last four years-including a new roof, boiler, windows, and storm doors-this home is move-in ready and thoughtfully maintained. Located by transportation, shopping, educational centers, and local amenities, this property is more than an investment-it's a place to put down roots, bring loved ones together, and enjoy the comfort of home while securing a strong future.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11234, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,763 (100%)
Owner Occupied HU	18,894 (57.7%)
Renter Occupied HU	11,707 (35.7%)
Vacant Housing Units	2,162 ( 6.6%)
Median Home Value	$761,967
Average Home Value	$819,145