








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Brooklyn at 31 8th Ave APT 2, Brooklyn, NY, 11217 offers $3,875/mo rent that, after a $7,219/mo payment. Total monthly income is $3,875/mo. Return on cash invested measures 2.27% in year one, and rental yield stands at 3.15% at a $1,475,000 entry. Equity gained on principal adds $9,518/yr while 5% annual appreciation compounds into $407,515 by year five. Five-year ROI records 9.96% and total cumulative return in cash reaches $47,590. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,875/mo property income versus a $7,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1920
N/A lot
$N/A/sqft
$1,232 monthly HOA
Neighborhood data shown for ZIP Code: 11217, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,719 (100%) |
| Owner Occupied HU | 5,268 (21.3%) |
| Renter Occupied HU | 17,323 (70.1%) |
| Vacant Housing Units | 2,128 ( 8.6%) |
| Median Home Value | $1,753,412 |
| Average Home Value | $1,604,739 |
Residential
20,350
Single Family
2,859
Multi-Family
17,491
Businesses
1,444
Date | Event | Price |
|---|---|---|
| 2024-11-15 | Listed for sale | $1,475,000 |
| 2015-12-09 | Sold | $1,290,000 |
| 2015-10-10 | Pending sale | $1,085,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Shannon Insana • Corcoran
Mls Name: StreetEasy
Mls ID: #S1744266