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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% |
Investment property for sale in Brooklyn at 229 55th St #3B, Brooklyn, NY, 11220 offers a 5.82% rental yield on a $768,000 purchase with $3,727/mo rent. 9% in year one. Equity gained on principal adds $4,956/yr while 5% annual appreciation supports $212,184 over five years. Portfolio math shows five-year ROI at 61.07% and total cumulative return in cash at $154,301. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,727/mo property income against a $3,759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2016
N/A lot
$N/A/sqft
$316 monthly HOA
Neighborhood data shown for ZIP Code: 11220, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,465 (100%) |
| Owner Occupied HU | 6,364 (19.6%) |
| Renter Occupied HU | 24,149 (74.4%) |
| Vacant Housing Units | 1,952 ( 6.0%) |
| Median Home Value | $1,106,071 |
| Average Home Value | $1,109,570 |
Residential
22,134
Single Family
7,854
Multi-Family
14,280
Businesses
2,771
Date | Event | Price |
|---|---|---|
| 2024-01-18 | Listed for sale | $768,000 |
| 2024-01-01 | Listing removed | $639,888 |
| 2023-10-17 | Listed for sale | $639,888 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | N/A | N/A | $93,432 | 14.90% |
| 2022-02-13 | N/A | N/A | $81,313 | N/A |
Listed by: XueFang (Sue) Li • Fang Fang Realty Inc
Mls Name: BNYMLS
Mls Provider:
Mls ID: #479297
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
