380 15th St APT 5F, Brooklyn, NY, 11215 | 4.86% Rental Yield

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Price: $300K - 500K

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380 15th St APT 5F, Brooklyn, NY, 11215 | 4.86% Rental Yield | Ziffy

For Sale

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 $4,042/mo, and a $4,890/mo payment. Purchase price stands at $999,000, and rental yield measures 4.86% with $4,042/mo rent. Return on cash invested shows 8.66% in year one, and 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 43.78% and total cumulative return in cash records $143,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,042/mo property income covering a $4,890/mo payment rather than investor’s personal income.

Condo

Built in 2004

N/A lot

$N/A/sqft

$493 monthly HOA

More details about the property

Amazing 1-bedroom condo in South Park Slope! This beautifully maintained 1-bedroom, 1-bathroom condo at The Park Pavilion is perfectly located in South Park Slope. Features include: Excellent condition: Hardwood floors, high ceilings, and oversized windows create a bright and inviting space. Modern kitchen: The galley kitchen boasts stainless steel appliances, including a dishwasher. Open concept living: Enjoy an open floor plan, perfect for entertaining. Convenient amenities: Excellent closet space, a separate pantry, and an in-unit laundry room add to the convenience of this home. Comfort and convenience: Central air conditioning ensures year-round comfort. Building amenities: Residents enjoy a large landscaped common garden, a fitness room, elevator access, and storage. Pets are welcome! Bonus features: This condo includes a private deeded basement storage unit. Located across the street from the renowned Armory YMCA and just minutes away from Prospect Park, this home offers the best of Park Slope living. Enjoy easy access to multiple subway lines, as well as the area's finest shopping, dining, and amenities. All offers presented with preapproval and buyer financial profile.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,113 (100%)
Owner Occupied HU	10,260 (33.0%)
Renter Occupied HU	18,447 (59.3%)
Vacant Housing Units	2,406 ( 7.7%)
Median Home Value	$1,666,185
Average Home Value	$1,587,839