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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Brooklyn at 343 56th St #6, Brooklyn, NY, 11220 earns $585/mo cash flow from $7,596/mo rent with a $5,139/mo payment. Total monthly income totals $7,596/mo, and annual cash flow totals $7,014/yr on $340,200 capital. ROI tracks 22.43% on current figures, and rental yield reads 8.68% at a $1,050,000 purchase. Equity gained on principal adds $6,775/yr, and 5% annual appreciation supports $290,096 over five years. Five-year ROI reaches 116.93% and total cumulative return in cash sums $397,805. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,596/mo property income instead of your personal income.
Apartment
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11220, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,465 (100%) |
| Owner Occupied HU | 6,364 (19.6%) |
| Renter Occupied HU | 24,149 (74.4%) |
| Vacant Housing Units | 1,952 ( 6.0%) |
| Median Home Value | $1,106,071 |
| Average Home Value | $1,109,570 |
Residential
22,134
Single Family
7,854
Multi-Family
14,280
Businesses
2,771
Date | Event | Price |
|---|---|---|
| 2024-03-22 | Price change | $1,050,000 |
| 2023-11-24 | Listed for sale | $1,150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Xiaoxian Zhen - Licensed Real Estate Broker • King Zone Realty Inc
Mls Name: StreetEasy
Mls ID: #1690702
