15 Butler Pl APT 3C, Brooklyn, NY, 11238 | $1,185/mo Cash Flow

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15 Butler Pl APT 3C, Brooklyn, NY, 11238 | $1,185/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Brooklyn at 15 Butler Pl APT 3C, Brooklyn, NY, 11238 offers a 11.97% rental yield on a $775,000 purchase with $7,728/mo rent. Total monthly income registers $7,728/mo, and a $3,793/mo payment leaves $1,185/mo available for distribution. Annual cash flow reaches $14,219/yr on $254,975 to close, and return on cash invested stands at 25.64% in year one. Equity gained on principal adds $5,001/yr while 5% annual appreciation supports $214,118 over five years. Portfolio math shows five-year ROI at 136.49% and total cumulative return in cash at $348,019. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,728/mo property income against a $3,793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1930

N/A lot

$N/A/sqft

$1,368 monthly HOA

More details about the property

Discover the historical charm of 15 Butler Place, 3C, and all Prospect Heights has to offer. This delightful two-bedroom residence has a windowed kitchen with a 5-burner Samsung gas stove ready for any home chef. The sunny living room, with 9-foot ceilings, overlooks a tree-filled garden creating a tranquil, pin drop quiet escape in the heart of the city. The apartment situated 2 floors up, offers a unique blend of vintage charm with modern comfort. Updates include newly refinished hardwood floors, Anderson windows throughout, and new electric. Built in 1930, this classic co-op with an elegant marble lobby has a part-time super and is pet friendly. Enjoy the fabulous roof deck-an ideal spot for soaking up the sun and enjoying panoramic Manhattan views. Amenities include a Butterfly Virtual Doorman, Hercules Laundry System in the basement, and bike storage. Storage units are available for rent. Subletting is permitted after 2 years with board approval. Located right off Grand Army Plaza you'll find the year-round Green Market, Prospect Park, Brooklyn Museum, Botanical Gardens, and endless outdoor enjoyment. Outstanding local dining and shopping in every direction. Easy access transportation with the 2/3/B/Q trains.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11238, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,474 (100%)
Owner Occupied HU	6,812 (23.1%)
Renter Occupied HU	20,449 (69.4%)
Vacant Housing Units	2,213 ( 7.5%)
Median Home Value	$1,403,531
Average Home Value	$1,446,411