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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 1940 W 3rd St, Brooklyn, NY, 11223 offers $3,944/mo rent that, after a $8,786/mo payment. Total monthly income is $3,944/mo. Return on cash invested measures 3.77% in year one, and rental yield stands at 2.64% at a $1,795,000 entry. Equity gained on principal adds $11,583/yr while 5% annual appreciation compounds into $495,925 by year five. Five-year ROI records 16.87% and total cumulative return in cash reaches $98,137. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,944/mo property income versus a $8,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11223, Brooklyn, NY area.
| 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 |
Residential
23,793
Single Family
11,075
Multi-Family
12,718
Businesses
2,108
Date | Event | Price |
|---|---|---|
| 2025-08-06 | Price change | $1,795,000 |
| 2024-07-30 | Listed for sale | $1,899,000 |
| 2024-07-25 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-07 | $6563.00 | N/A | $70,380 | 13.66% |
| 2023-08-07 | N/A | N/A | $61,920 | 22.13% |
| 2022-08-07 | N/A | N/A | $50,700 | 1.20% |
Listed by: Vito Angelo • Remax Real Estate Professionals
Mls Name: StreetEasy
Mls ID: #S1784398
