2400 E 3rd St APT 228BrooklynNY11223
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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
Investment Highlights
Rental property for sale in Brooklyn at 2400 E 3rd St APT 228, Brooklyn, NY, 11223 generates $2,464/mo in rent, after a $1,581/mo payment. Total monthly income is $2,464/mo. Return on cash invested sits at 15.87% in year one, and rental yield is 9.15% on a $323,000 entry. Equity gained on principal adds $2,084/yr, while 5% annual appreciation builds toward $89,239 over five years. Five-year ROI reaches 84.53% and total cumulative return in cash sums $90,513. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,464/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$667 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11223, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
23,793
Single Family
11,075
Multi-Family
12,718
Businesses
2,108
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Listed by: Elvira Vishnevskaya • Dreamlife Realty New York LLC
Mls Name: BNYMLS
Mls Provider:
Mls ID: #476208
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.