2940 W 5th St APT 10F, Brooklyn, NY, 11224 | $1,921/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2940 W 5th St APT 10F, Brooklyn, NY, 11224 | $1,921/mo Cash Flow | Ziffy

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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 2940 W 5th St APT 10F, Brooklyn, NY, 11224 generates $5,400/mo in rent and, after a $1,811/mo payment, leaves $1,921/mo in cash flow. Total monthly income is $5,400/mo, and annual cash flow is $23,054/yr on $122,655 invested. Return on cash invested sits at 38.7% in year one, and rental yield is 17.51% on a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 207.88% and total cumulative return in cash sums $254,981. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,400/mo property income rather than buyer’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,008 monthly HOA

More details about the property

Make this spacious 2 bedroom/1 bathroom apartment your new home in Coney Island! Enjoy the generous layout which includes a separate kitchen with wooden cabinetry, massive living area with enough space for both your living and dining room furniture, and two sun-drenched king sized bedrooms, one of which is the master that comes with a deep walk-in closet and custom cabinetry. Additional features include a full bath fitted with a tub, double pane insulated windows, abundant storage space, and original detailing. Low maintenance of $1,008 per month, with electricity and gas included. 2940 West 5th Street is a well maintained Co-Op building that offers common sitting areas throughout the beautifully landscaped grounds, 24-hour security, on site doctor's office and daycare, as well as a live in super. Other amenities include keyless door entry, newly updated laundry facilities, vending machines, Amazon Lockers, new playground and recreation room. Parking currently has a waiting list. Pets on approval. Excellent location across from the world famous boardwalk and close to B, F and Q trains, shopping, restaurants, the beach and the New York City Aquarium.

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