2039 Schenectady Ave, Brooklyn, NY, 11234 | $3,145/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
935 sft

2654 E 18th St UNIT PH6A, Brooklyn, NY, 11235

7 Bed
6 Bath
3454 sft

1878 E 19th St, Brooklyn, NY, 11229

3 Bed
3 Bath
1600 sft

3752 Neptune Ave APT 1C, Brooklyn, NY, 11224

4 Bed
3 Bath
2125 sft

2484 Cropsey Ave, Brooklyn, NY, 11214

Nearby investment properties with comparable prices

2 Bed
2 Bath
1150 sft

1733 Ocean Ave APT 1, Brooklyn, NY, 11230

3 Bed
2 Bath
1260 sft

341 Hillman Ave, Staten Island, NY, 10314

Motivated Seller+ 1 more

3 Bed
2 Bath
1440 sft

3108 Avenue N, Brooklyn, NY, 11210

2 Bed
3 Bath
1152 sft

1513 Kimball Street, Brooklyn, NY, 11234

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Brooklyn at 2039 Schenectady Ave, Brooklyn, NY, 11234 generates $7,813/mo in rent and, after a $3,421/mo payment, leaves $3,145/mo in cash flow. Total monthly income is $7,813/mo, and annual cash flow is $37,745/yr on $229,971 invested. Return on cash invested sits at 36.47% in year one, and rental yield is 13.41% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 192.28% and total cumulative return in cash sums $442,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,813/mo property income rather than buyer’s personal income.

Single Family

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming and spacious 3-bedroom, 1-bathroom home located in the desirable Flatlands neighborhood. This well-maintained home features a modern kitchen with stainless steel appliances, a cozy living, and a separate dining room for entertaining. The shared driveway can accommodate up to 3-4 cars, with a garage for additional storage. Add your personal touch to this home, ensuring every detail aligns with your lifestyle and preferences, a fairly new boiler and heater (both 7 years old), and updated electrical and plumbing systems. Each bedroom boasts ample closet space, with an additional closet near the stairs for added storage. Step outside to a large backyard with a deck, perfect for relaxing or hosting gatherings. With easy access to local amenities such as hardware stores, shops, and markets, as well as nearby attractions like Kings Plaza and Flatbush, this home offers both comfort and convenience. Don't miss out on this opportunity to make this spacious lot your new home

Neighborhood Data

Neighborhood data shown for ZIP Code: 11234, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,763 (100%)
Owner Occupied HU	18,894 (57.7%)
Renter Occupied HU	11,707 (35.7%)
Vacant Housing Units	2,162 ( 6.6%)
Median Home Value	$761,967
Average Home Value	$819,145