2930 W 5th St APT 15D, Brooklyn, NY, 11224 | $1,093/mo Cash Flow

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2930 W 5th St APT 15D, Brooklyn, NY, 11224 | $1,093/mo Cash Flow | 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

Investment property for sale in Brooklyn at 2930 W 5th St APT 15D, Brooklyn, NY, 11224 earns $1,093/mo cash flow from $4,358/mo rent with a $2,393/mo payment. Total monthly income totals $4,358/mo, and annual cash flow totals $13,115/yr on $162,104 capital. ROI tracks 28% on current figures, and rental yield reads 10.69% at a $489,000 purchase. Equity gained on principal adds $3,155/yr, and 5% annual appreciation supports $135,102 over five years. Five-year ROI reaches 146.86% and total cumulative return in cash sums $238,066. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,358/mo property income instead of your personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

Extremely bright 2-bedroom, 1.5-bath apartment on the 15th floor with a large terrace at the Trump Village Section 4 complex. 1,100 sqft. Maint. $1,226/month (includes gas and electricity). Excellent layout and amazing condition, with amazing ocean views in an excellent building! Asking $489,000. A truly Rare Opportunity!! This is the largest and the most desirable, corner two-bedroom line in Trump Village featuring 1.5 baths and a walk-in closet in the master bedroom. This apartment is in an excellent/renovated condition, with recent upgrades! Hardwood flooring all throughout. Custom made and extended kitchen with quartz countertops and modern stainless-steel appliances. Beautiful light fixtures and solid wood doors with non-mortise hinges throughout. Both bathrooms are fully tiled with modern, yet very classy look. Updated balcony overlooking the Ocean! Amazing ocean views from every window and the balcony. Plenty of closet space. Must see it to truly appreciate the condition, size, location and views from this apartment! Maintenance includes electricity and gas. The building just finished updating all elevators, hallways and balconies. Parking spot available for purchase immediately and can be bought with the apartment!!! A truly Rare Opportunity!!! Building allows up to 90% financing only 10% down! You are steps from the beach! Live Luxuriously! Building Features: A) Excellent financials with strong reserves: There is no mortgage on the entire building! B) 24-hour security that walk the premises. C) Parking is available for purchase immediately. D) Keyless entry. E) Storage room facilities. F) Laundry room facilities. G) Low monthly maintenance fees with all your utilities included (including electricity) in the price. H) A new playground and a new playroom. I) Double pane, insulated windows which were replaced building-wide less than fifteen years ago. J) 24-hour onsite maintenance. K) The Complex just updated all hallways! L) Parking is available immediately for a fee. You are steps away from all public transportation, Belt parkway, the beach, Luna Park and the bustling Brighton Beach Avenue! Call NYC Realty Brokers LLC to schedule a viewing!

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