2940 W 5th St APT 5GBrooklynNY11224
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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
Investment Highlights
Investment property for sale in Brooklyn at 2940 W 5th St APT 5G, Brooklyn, NY, 11224 uses $125,639 cash to close to unlock $2,221/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $1,855/mo payment keeps the spread at $185/mo. Purchase price stands at $379,000, and rental yield measures 8.6% with $2,716/mo rent. Return on cash invested shows 21.68% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 112.99% and total cumulative return in cash records $141,959. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,351
Single Family
2,595
Multi-Family
17,756
Businesses
764
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