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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 237 Bay Ridge Pkwy, Brooklyn, NY, 11209 priced at $1,888,000 converts $7,092/mo rent into after a $9,241/mo obligation. Total monthly income equals $7,092/mo. Return on cash invested prints 8.78% in year one, and rental yield reads 4.51% against a $1,888,000 entry. Equity gained on principal adds $12,183/yr, while 5% annual appreciation compiles into $521,620 by year five. Five-year ROI reaches 44% and total cumulative return in cash sums $269,176. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,092/mo property income covering a $9,241/mo payment, not borrower’s personal income.
Single Family
Built in 1930
2,820 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11209, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,347 (100%) |
| Owner Occupied HU | 10,175 (30.5%) |
| Renter Occupied HU | 21,237 (63.7%) |
| Vacant Housing Units | 1,935 ( 5.8%) |
| Median Home Value | $1,072,126 |
| Average Home Value | $1,081,829 |
Residential
29,004
Single Family
8,429
Multi-Family
20,575
Businesses
1,980
Date | Event | Price |
|---|---|---|
| 2025-08-07 | Listed for sale | $1,888,000 |
| 2004-11-08 | Sold | $850,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-08 | $31887.00 | N/A | $297,900 | -7.67% |
| 2023-08-08 | N/A | N/A | $322,650 | 6.22% |
| 2022-08-08 | N/A | N/A | $303,750 | 22.50% |
Listed by: Mohammad J. (Joseph) Znak • Ben Bay Realty Co of Bay Ridge
Mls Name: BNYMLS
Mls Provider:
Mls ID: #494872
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.
