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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% |
Investment property for sale in Brooklyn at 2940 W 5th St APT 19B, Brooklyn, NY, 11224 offers a 7.2% rental yield on a $599,999 purchase with $3,599/mo rent. 14% in year one. Equity gained on principal adds $3,872/yr while 5% annual appreciation supports $165,769 over five years. Portfolio math shows five-year ROI at 58.77% and total cumulative return in cash at $116,003. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,599/mo property income against a $2,937/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,059 monthly HOA
Neighborhood data shown for ZIP Code: 11224, Brooklyn, NY area.
| 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 |
Residential
20,351
Single Family
2,595
Multi-Family
17,756
Businesses
764
Date | Event | Price |
|---|---|---|
| 2024-04-19 | Listed for sale | $599,999 |
| 2022-05-05 | Listing removed | N/A |
| 2020-09-14 | Pending sale | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2019-02-13 | $1820136.10 | -32.12% | $25,143,300 | 6.65% |
| 2018-02-13 | $2681479.00 | N/A | $23,575,500 | 1.88% |
| 2017-02-13 | N/A | N/A | $23,139,900 | N/A |
Listed by: Victor Li • Amerihomes Realty of NY, Inc
Mls Name: BNYMLS
Mls Provider:
Mls ID: #481403
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
