2940 W 5th St APT 20E, Brooklyn, NY, 11224 | $1,273/mo Cash Flow

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2940 W 5th St APT 20E, Brooklyn, NY, 11224 | $1,273/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

Investment property for sale in Brooklyn at 2940 W 5th St APT 20E, Brooklyn, NY, 11224 uses $95,804 cash to close to unlock $15,271/yr annual cash flow and $1,273/mo monthly cash flow. Total monthly income runs $4,078/mo, and a $1,415/mo payment keeps the spread at $1,273/mo. Purchase price stands at $289,000, and rental yield measures 16.93% with $4,078/mo rent. Return on cash invested shows 35.85% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 192.95% and total cumulative return in cash records $184,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,078/mo property income covering a $1,415/mo payment rather than investor’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$875 monthly HOA

More details about the property

APARTMENT IS IN THE PROCESS OF BEING CLEANED OUT. PHOTOS SHOULD BE AVAILABLE ONCE CLEANOUT IS COMPLETED. 2940 West 5 th street apt 20E APARTMENT FACES NORTH TOWARDS THE COURTYARD. 20th Floor, Bright, Spacious One-Bedroom, One-Bath apartment, with a terrace, courtyard views in the Trump Village 4 complex! Maintenance $875.14 maintenance/month (includes electricity). Asking $289,000. This is the largest 1-bedroom/1-bath at Trump Village. Best layout. TLC is needed. Maintenance includes electricity and gas. It features a dining area which leads to a balcony with good open views. You are steps from the beach! 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 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. 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