1641 W 3rd St, Brooklyn, NY, 11223 | 5.84% Rental Yield

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1641 W 3rd St, Brooklyn, NY, 11223 | 5.84% 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

Investment property for sale in Brooklyn at 1641 W 3rd St, Brooklyn, NY, 11223 listed at $999,000 pairs $4,862/mo rent with a $4,890/mo payment. Total monthly income runs $4,862/mo. Return on cash invested measures 13.45% in year one, and rental yield registers 5.84% at a $999,000 basis. Equity gained on principal adds $6,446/yr, and annual property appreciation at 5% supports $276,005 by year five. Five-year ROI tracks 68.84% and total cumulative return in cash totals $226,250. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,862/mo property income relative to a $4,890/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautiful home located in the highly desirable Gravesend neighborhood . This property is conveniently situated near the Kings Hwy shopping district, TJ Maxx shopping mall, supermarket and within walking distance to local I.S 228 schoolmaking it an ideal location for families. N , W and F lines subway stations near by , The home is a spacious detached property featuring a large living area, dining space, and a well-appointed kitchen. The second floor boasts three generously sized bedrooms and an updated bathroom. The finished basement, complete with a separate entrance, offers additional living space, perfect for extended family or guests. This home is equipped with a new ductless heating system, and the gas heating system is only five years old, ensuring efficient comfort throughout the year. The hot water system is just one year old, and the roof has been recently updated. Outside, youll find a one-car garage in the backyard with additional space for multiple cars. dont miss the opportunity to make this lovely home for your own.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11223, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,920 (100%)
Owner Occupied HU	9,651 (30.2%)
Renter Occupied HU	20,192 (63.3%)
Vacant Housing Units	2,077 ( 6.5%)
Median Home Value	$1,073,206
Average Home Value	$1,146,126