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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 1560 W 2nd St, Brooklyn, NY, 11204 generates $7,344/mo in rent, after a $8,262/mo payment. Total monthly income is $7,344/mo. Return on cash invested sits at 11.75% in year one, and rental yield is 5.22% on a $1,688,000 entry. Equity gained on principal adds $10,892/yr, while 5% annual appreciation builds toward $466,363 over five years. Five-year ROI reaches 59.65% and total cumulative return in cash sums $326,216. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,344/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11204, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,306 (100%) |
| Owner Occupied HU | 8,047 (29.5%) |
| Renter Occupied HU | 17,747 (65.0%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $1,179,764 |
| Average Home Value | $1,219,030 |
Residential
23,034
Single Family
10,770
Multi-Family
12,264
Businesses
1,899
Date | Event | Price |
|---|---|---|
| 2024-05-10 | Listed for sale | $1,688,000 |
| 2019-12-24 | Sold | $1,200,000 |
| 2019-12-13 | Listed for sale | $1,274,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $66,900 | -15.08% |
| 2022-08-13 | N/A | N/A | $78,780 | 7.53% |
| 2021-08-13 | N/A | N/A | $73,260 | -1.13% |
Listed by: Jan (Jack) Ha • eXp Realty BKNY
Mls Name: BNYMLS
Mls Provider:
Mls ID: #483474
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.
