330 S 3rd St UNIT 1, Brooklyn, NY, 11211 | 7.24% Rental Yield

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330 S 3rd St UNIT 1, Brooklyn, NY, 11211 | 7.24% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

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

Total monthly income runs $2,474/mo, and a $2,007/mo payment. Purchase price stands at $410,000, and rental yield measures 7.24% with $2,474/mo rent. Return on cash invested shows 17.58% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 90.97% and total cumulative return in cash records $123,647. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,474/mo property income covering a $2,007/mo payment rather than investor’s personal income.

Condo

Built in 1912

N/A lot

$N/A/sqft

No HOA

More details about the property

Great, first floor handyman special at a an amazing price! This 2-bedroom apartment has high ceilings and hardwood floors throughout. This unit has a nice sized living room for entertaining. The cozy kitchen can be opened up and can have a island looking into the living room to create extra counterspace. This apartment has 2 separate bedrooms, on opposite sides of the apartment, providing great privacy. The primary bedroom can fit a queen size bed and dresser while the second bedroom can fit a full-sized bed and small dresser. This unit is located about 3 blocks from the Marcy Avenue train station, short distance from restaurants, bars, and coffee shops. Maintenance is a low $733 which includes heat, hot water and taxes. Pets ok upon approval. The purchasing requirements are as follows for this HDFC coop unit! A single buyer cannot make over $130,440 a year; two buyers or a couple cannot exceed $149,160 and a family of three has to be under $167,760 annually. Call for an immediate appointment! This unit is priced to sell asap!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11211, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,586 (100%)
Owner Occupied HU	3,831 (12.1%)
Renter Occupied HU	25,292 (80.1%)
Vacant Housing Units	2,463 ( 7.8%)
Median Home Value	$1,271,849
Average Home Value	$1,337,404