1975 83rd St APT D2, Brooklyn, NY, 11214 | $818/mo Cash Flow

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1975 83rd St APT D2, Brooklyn, NY, 11214 | $818/mo Cash Flow | Ziffy

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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 1975 83rd St APT D2, Brooklyn, NY, 11214 offers a 12.89% rental yield on a $399,999 purchase with $4,296/mo rent. Total monthly income registers $4,296/mo, and a $1,958/mo payment leaves $818/mo available for distribution. Annual cash flow reaches $9,812/yr on $132,600 to close, and return on cash invested stands at 27.31% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,512 over five years. Portfolio math shows five-year ROI at 145.81% and total cumulative return in cash at $193,347. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,296/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1926

N/A lot

$N/A/sqft

$807 monthly HOA

More details about the property

Open house this Sunday, August 11 from 4-5 PM by appointment only. - *Contact Winnie Mui to schedule a viewing and see for yourself. Please note that this is a 4th floor walk up. No elevator in the building.* ----- Welcome to this charming 2 Bedroom co-op located at 1975 83rd St in the heart of Brooklyn, NY. This delightful residence offers a comfortable and convenient living experience in a vibrant neighborhood. Upon entering, you are greeted by a bright and airy living space, perfect for relaxing or entertaining guests with approx 1000 SQ FT. With south/southeast exposure, natural sunlight is available for most of the day. The well-appointed kitchen is a chef's delight, featuring modern appliances and ample storage space, including a range vent that goes out of the unit. Both bedrooms can fit a king size bed, dresser, and desk. Natural light is abundant. 4 closets in the unit for all your storage needs. Residents of this co-op enjoy access to a range of amenities, including a beautifully maintained courtyard, providing a serene outdoor escape. For added convenience, washer/dryer can be installed in-unit. Situated in a sought-after location, this co-op provides easy access to a variety of dining, shopping, and entertainment options, ensuring that there is always something to explore and enjoy nearby. Convenient to transportation with a short walk to the D train and B1 bus. Don't miss the opportunity to make this charming co-op your new home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11214, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,434 (100%)
Owner Occupied HU	10,119 (28.6%)
Renter Occupied HU	23,064 (65.1%)
Vacant Housing Units	2,251 ( 6.4%)
Median Home Value	$988,547
Average Home Value	$1,082,264