2940 W 5th St APT 22G, Brooklyn, NY, 11224 | $211/mo Cash Flow

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2940 W 5th St APT 22G, Brooklyn, NY, 11224 | $211/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 2940 W 5th St APT 22G, Brooklyn, NY, 11224 earns $211/mo cash flow from $4,078/mo rent with a $2,002/mo payment. Total monthly income totals $4,078/mo, and annual cash flow totals $2,527/yr on $135,584 capital. ROI tracks 21.77% on current figures, and rental yield reads 11.96% at a $409,000 purchase. Equity gained on principal adds $2,639/yr, and 5% annual appreciation supports $112,999 over five years. Five-year ROI reaches 117.13% and total cumulative return in cash sums $158,805. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,078/mo property income instead of your personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,136 monthly HOA

More details about the property

Extremely bright, corner, 2-bedroom, 1-bath apartment on the 22nd floor (of a 23-story building) with a large terrace at the Trump Village Section 4 complex. 1,100 sqft. Maint. $1,112/month (includes gas and electricity). Excellent layout with amazing views of the beach in an excellent building! Asking $409,000. A truly Rare Opportunity!! This is the largest and the most desirable two-bedroom line in Trump Village featuring five closets, including a walk-in closet in the master bedroom, beach view from every window and from a large balcony! This apartment needs updating. Must see it to truly appreciate the size, location and views from this apartment! Maintenance includes electricity and gas. The building just finished updating all hallways, elevators and balconies! This is a great apartment in a great location. Parking spot available for purchase immediately and can be bought with the apartment!!! A truly Rare Opportunity!!! 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!

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