2940 W 5th St APT 12F, Brooklyn, NY, 11224 | $931/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2940 W 5th St APT 12F, Brooklyn, NY, 11224 | $931/mo Cash Flow | Ziffy

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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 2940 W 5th St APT 12F, Brooklyn, NY, 11224 listed at $329,000 pairs $4,078/mo rent with a $1,610/mo payment to leave $931/mo cash flow. Total monthly income runs $4,078/mo, and annual cash flow reaches $11,175/yr on $109,064 cash to close. Return on cash invested measures 30.16% in year one, and rental yield registers 14.87% at a $329,000 basis. Equity gained on principal adds $2,123/yr, and annual property appreciation at 5% supports $90,897 by year five. Five-year ROI tracks 162.24% and total cumulative return in cash totals $176,949. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,078/mo property income relative to a $1,610/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1964

N/A lot

$N/A/sqft

$950 monthly HOA

More details about the property

This spacious high-floor apartment invites you into a meticulously maintained complex, distinguished from others nearby by its impeccable order and thoughtful regulations. From the beautifully landscaped surroundings and polished corridors to the pristine lobby, each detail enhances the pleasure of arriving home at this serene retreat. While the apartment enjoys views of a twin building, there is a hidden vantage point offering a delightful glimpse of the ocean. This residence holds a special place in the heart of the motivated seller and has been partially updated, featuring fresh paint, new flooring, and custom blackout blinds. The kitchen and bathroom await the new owner's personal touch. All three rooms are virtually staged, alongside images of the pristine space itself. If a vibrant oceanside neighborhood has ever been your dream-where the beach, historic boardwalk, and seasonal attractions of the Atlantic shore await-this unique apartment presents a rare opportunity to make it your home.

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