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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 257 E 28th St, Brooklyn, NY, 11226 priced at $870,000 converts $7,502/mo rent into $1,693/mo cash flow after a $4,258/mo obligation. Total monthly income equals $7,502/mo, and annual cash flow totals $20,310/yr on $286,230 invested. Return on cash invested prints 27.16% in year one, and rental yield reads 10.35% against a $870,000 entry. Equity gained on principal adds $5,614/yr, while 5% annual appreciation compiles into $240,365 by year five. Five-year ROI reaches 142.32% and total cumulative return in cash sums $407,365. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,502/mo property income covering a $4,258/mo payment, not borrower’s personal income.
Multi Family
Built in 1901
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11226, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 43,262 (100%) |
| Owner Occupied HU | 4,883 (11.3%) |
| Renter Occupied HU | 35,712 (82.5%) |
| Vacant Housing Units | 2,667 ( 6.2%) |
| Median Home Value | $890,722 |
| Average Home Value | $1,011,398 |
Residential
39,296
Single Family
5,001
Multi-Family
34,295
Businesses
1,788
Date | Event | Price |
|---|---|---|
| 2024-06-24 | Sold | $1,000 |
| 2024-05-18 | Price change | $870,000 |
| 2023-02-01 | Listed for sale | $800,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $58,440 | 0.62% |
| 2022-08-13 | N/A | N/A | $58,080 | 29.59% |
| 2021-08-13 | N/A | N/A | $44,820 | -17.55% |
Listed by: Gregory Parks - Licensed Associate Real Estate Broker • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #DERE
