1840 E 13th St APT 6T, Brooklyn, NY, 11229 | $189/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1840 E 13th St APT 6T, Brooklyn, NY, 11229 | $189/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 1840 E 13th St APT 6T, Brooklyn, NY, 11229 offers a 9.15% rental yield on a $199,998 purchase with $1,525/mo rent. Total monthly income registers $1,525/mo, and a $979/mo payment leaves $189/mo available for distribution. Annual cash flow reaches $2,272/yr on $66,299 to close, and return on cash invested stands at 23.34% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 121.91% and total cumulative return in cash at $80,827. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,525/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1954

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1840 East 13th Street SPONSOR SALE with NO BOARD APPROVAL! If youre looking for an easy, stress-free purchase in a prime Midwood location, this top-floor oversized studio is the one. This bright and functional studio home offers a separate kitchen with a window, great natural light, and plenty of layout possibilities. Yes, it needs a little love but that means endless potential to create the exact space you want. The building features a live-in super, on-site laundry, and parking available with a short wait-list. Monthly maintenance is very low, making this an incredibly affordable opportunity. Located just steps from Kings Highway, youre minutes from major transportation, great shopping, restaurants, and everything this vibrant neighborhood has to offer. And for outdoor fun, the famous Kelly Park Playground is right around the corner. Subletting is allowed after 2 years, adding flexibility for future plans. Schedule a tour today sponsor units on the top floor with no board dont last long!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11229, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,898 (100%)
Owner Occupied HU	13,087 (39.8%)
Renter Occupied HU	17,854 (54.3%)
Vacant Housing Units	1,957 ( 5.9%)
Median Home Value	$849,561
Average Home Value	$904,894