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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 2A, Brooklyn, NY, 11224 offers a 8.3% rental yield on a $279,000 purchase with $1,930/mo rent. 98% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 59.16% and total cumulative return in cash at $54,715. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,930/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
N/A lot
$N/A/sqft
$755 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 |
|---|---|---|
| 2025-01-11 | Listed for sale | $279,000 |
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: Olga Orak • Dreamlife Realty New York
Mls Name: StreetEasy
Mls ID: #S1751139
