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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 2483 W 16th St APT 14D, Brooklyn, NY, 11214 generates $3,241/mo in rent and, after a $1,591/mo payment, leaves $84/mo in cash flow. Total monthly income is $3,241/mo, and annual cash flow is $1,013/yr on $107,738 invested. Return on cash invested sits at 20.85% in year one, and rental yield is 11.97% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 112.52% and total cumulative return in cash sums $121,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,241/mo property income rather than buyer’s personal income.
Condo
Built in 1963
N/A lot
$N/A/sqft
$986 monthly HOA
Neighborhood data shown for ZIP Code: 11214, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,434 (100%) |
| Owner Occupied HU | 10,119 (28.6%) |
| Renter Occupied HU | 23,064 (65.1%) |
| Vacant Housing Units | 2,251 ( 6.4%) |
| Median Home Value | $988,547 |
| Average Home Value | $1,082,264 |
Residential
28,784
Single Family
11,176
Multi-Family
17,608
Businesses
1,701
Date | Event | Price |
|---|---|---|
| 2024-08-08 | Price change | $325,000 |
| 2024-05-29 | Price change | $335,000 |
| 2024-03-07 | Price change | $338,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2019-02-13 | $815976.80 | -29.67% | $12,613,950 | 5.03% |
| 2018-02-13 | $1160256.10 | N/A | $12,010,050 | 11.38% |
| 2017-02-13 | N/A | N/A | $10,782,900 | N/A |
Listed by: Leonard Zbarsky • REMAX Elite
Mls Name: StreetEasy
Mls ID: #S1672179
