2930 W 5th St APT 14G, Brooklyn, NY, 11224 | 9.76% Rental Yield

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2930 W 5th St APT 14G, Brooklyn, NY, 11224 | 9.76% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Brooklyn at 2930 W 5th St APT 14G, Brooklyn, NY, 11224 generates $2,920/mo in rent, after a $1,757/mo payment. Total monthly income is $2,920/mo. Return on cash invested sits at 15.61% in year one, and rental yield is 9.76% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 83.9% and total cumulative return in cash sums $99,847. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,920/mo property income rather than buyer’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$949 monthly HOA

More details about the property

Apartment Essentials Address: 2930 West 5th Street, Apt. 14-G Brooklyn, New York 11224 Price: $ 359,000 Bedroom: 2 Bathroom: 1 Balcony: No Maintenance/Carrying Costs: $949.52 /month (includes all utilities) Assessment: Maintenance is going up 5% starting January 2025. The maintenance above does not reflect the increased maintenance. Apartment features: South facing apartment with ocean views from all windows Laminate flooring in dining room, foyer, and hallway. Clean kitchen with working appliances and wooden cabinets Four closets including a walk-in closet in the master bedroom. New air conditioning units in the living room and master bedroom. Approximate Square Footage: 900 Building and Neighborhood Features Excellent financials with strong reserves: There is no mortgage on the entire building! 24 hour security Waiting list to obtain parking or you can purchase a spot for $55,000 Keyless entry Touch screen, wireless intercom system that is connected to your home or cell phone Storage room facilities Low monthly maintenance fees with all your utilities included (including electricity) in the price. Feeling like you live in a true cooperative New playground Newly installed laundry room facilities Security cameras Security cameras installed throughout the lobby and outdoor grounds Kids Recreation Room Live in Super and full staff of handymen and porters. The cooperative is centrally located near Brighton Beach with convenient access to the beach, food, shopping, restaurants, movie theaters, parks, public transportation (B and Q trains, B68 and B36 buses) and major highways.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11224, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,119 (100%)
Owner Occupied HU	5,815 (25.2%)
Renter Occupied HU	15,544 (67.2%)
Vacant Housing Units	1,760 ( 7.6%)
Median Home Value	$574,176
Average Home Value	$741,108