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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 251 16th St APT 1A, Brooklyn, NY, 11215 listed at $1,175,000 pairs $5,713/mo rent with a $5,751/mo payment. Total monthly income runs $5,713/mo. Return on cash invested measures 11.63% in year one, and rental yield registers 5.83% at a $1,175,000 basis. Equity gained on principal adds $7,582/yr, and annual property appreciation at 5% supports $324,631 by year five. Five-year ROI tracks 59.73% and total cumulative return in cash totals $227,374. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,713/mo property income relative to a $5,751/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
N/A lot
$N/A/sqft
$640 monthly HOA
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,113 (100%) |
| Owner Occupied HU | 10,260 (33.0%) |
| Renter Occupied HU | 18,447 (59.3%) |
| Vacant Housing Units | 2,406 ( 7.7%) |
| Median Home Value | $1,666,185 |
| Average Home Value | $1,587,839 |
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
Date | Event | Price |
|---|---|---|
| 2024-11-15 | Price change | $1,175,000 |
| 2024-09-25 | Listed for sale | $1,225,000 |
| 2024-06-25 | Listing removed | $1,195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | N/A | N/A | $110,569 | 6.06% |
| 2022-02-13 | N/A | N/A | $104,253 | 17.59% |
| 2021-02-13 | N/A | N/A | $88,655 | -10.31% |
Listed by: Charles Ruoff • Brown Harris Stevens
Mls Name: StreetEasy
Mls ID: #S1736787
