








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 40 Schaefer St #2B, Brooklyn, NY, 11207 offers $3,218/mo rent that, after a $2,932/mo payment. Total monthly income is $3,218/mo. Return on cash invested measures 12.68% in year one, and rental yield stands at 6.45% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 65.66% and total cumulative return in cash reaches $129,406. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,218/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
$429 monthly HOA
Neighborhood data shown for ZIP Code: 11207, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,348 (100%) |
| Owner Occupied HU | 8,527 (21.7%) |
| Renter Occupied HU | 27,657 (70.3%) |
| Vacant Housing Units | 3,164 ( 8.0%) |
| Median Home Value | $703,912 |
| Average Home Value | $757,763 |
Residential
29,941
Single Family
11,110
Multi-Family
18,831
Businesses
1,787
Date | Event | Price |
|---|---|---|
| 2024-11-06 | Price change | $599,000 |
| 2024-10-09 | Listed for sale | $619,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Alex Fincham • Compass
Mls Name: StreetEasy
Mls ID: #S1738704