420 42nd St APT 1E, Brooklyn, NY, 11232 | 7.85% Rental Yield

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420 42nd St APT 1E, Brooklyn, NY, 11232 | 7.85% 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

Investment property for sale in Brooklyn at 420 42nd St APT 1E, Brooklyn, NY, 11232 listed at $598,000 pairs $3,914/mo rent with a $2,927/mo payment. Total monthly income runs $3,914/mo. Return on cash invested measures 19.58% in year one, and rental yield registers 7.85% at a $598,000 basis. Equity gained on principal adds $3,859/yr, and annual property appreciation at 5% supports $165,216 by year five. Five-year ROI tracks 101.67% and total cumulative return in cash totals $200,036. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,914/mo property income relative to a $2,927/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

SOLD WITH PARKING! RARE OPPORTUNITY - Spacious and inviting 2-bedroom, 1-bath condominium in the heart of Sunset Park. This second-level residence features a modern kitchen with stainless steel appliances and granite countertops, a bright living area with hardwood floors, and a great layout. The boutique, well-maintained building offers bike storage, a private storage cage, and a welcoming lobby. A separately deeded parking spot in the buildings garage is included in the asking price, providing rare convenience in Brooklyn. Monthly common charges are just $384.40. Ideally located near the 45th Street R train station, with easy access to local buses B37, B63, B70 and express buses X27 and X37 to Manhattan, as well as neighborhood shops, diverse cafs, and the scenic greenery of Sunset Park, this home combines comfort, practicality, and vibrant Brooklyn living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11232, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,287 (100%)
Owner Occupied HU	2,037 (19.8%)
Renter Occupied HU	7,496 (72.9%)
Vacant Housing Units	754 ( 7.3%)
Median Home Value	$1,094,994
Average Home Value	$1,080,814