2942 W 5th St APT 11S, Brooklyn, NY, 11224 | $1,899/mo Cash Flow

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2942 W 5th St APT 11S, Brooklyn, NY, 11224 | $1,899/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 2942 W 5th St APT 11S, Brooklyn, NY, 11224 listed at $289,000 pairs $4,614/mo rent with a $1,415/mo payment to leave $1,899/mo cash flow. Total monthly income runs $4,614/mo, and annual cash flow reaches $22,783/yr on $95,804 cash to close. Return on cash invested measures 43.69% in year one, and rental yield registers 19.16% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 234.6% and total cumulative return in cash totals $224,750. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,614/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1964

N/A lot

$N/A/sqft

$785 monthly HOA

More details about the property

All showings and OPEN HOUSES are BY APPOINTMENT. Please call agent . Introducing Trump Village Section 4, a beautiful Co-op complex located on the boarder of Brighton Beach and Coney Island Neighborhoods. This beautiful residence located on 11th floor and awaiting your personal touch. This space includes one bedroom one bathroom layout with balcony and views of the ocean and Luna Park. With over 800 sq ft this unit offers a spacious living room, a dining area, a galley kitchen, and abundant closet space. Monthly fee of 785.39 includes property taxes and all the utilities. Building is pet friendly and have subleasing options. It is a full service building with concierge, on site maintenance crew, laundry rooms, storage rooms, parking, playrooms, and playgrounds.

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