2400 E 3rd St APT 507BrooklynNY11223
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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 507, Brooklyn, NY, 11223 generates $4,285/mo in rent and, after a $1,855/mo payment, leaves $863/mo in cash flow. Total monthly income is $4,285/mo, and annual cash flow is $10,357/yr on $125,638 invested. Return on cash invested sits at 28.15% in year one, and rental yield is 13.57% on a $378,999 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,710 over five years. Five-year ROI reaches 150.8% and total cumulative return in cash sums $189,466. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,285/mo property income rather than buyer’s personal income.
Condo
Built in 1957
N/A lot
$N/A/sqft
$891 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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