2944 W 5th St APT 15SBrooklynNY11224
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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 2944 W 5th St APT 15S, Brooklyn, NY, 11224 earns $1,093/mo cash flow from $3,390/mo rent with a $1,684/mo payment. Total monthly income totals $3,390/mo, and annual cash flow totals $13,110/yr on $114,036 capital. ROI tracks 31.41% on current figures, and rental yield reads 11.83% at a $344,000 purchase. Equity gained on principal adds $2,220/yr, and 5% annual appreciation supports $95,041 over five years. Five-year ROI reaches 165.15% and total cumulative return in cash sums $188,330. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,390/mo property income instead of your personal income.
Condo
Built in 1964
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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