430 Sterling Pl APT 2B, Brooklyn, NY, 11238 | 8.24% Rental Yield

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430 Sterling Pl APT 2B, Brooklyn, NY, 11238 | 8.24% Rental Yield | Ziffy

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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 430 Sterling Pl APT 2B, Brooklyn, NY, 11238 at $985,000 posts ROI 16.18% with from $6,767/mo rent. Total monthly income equals $6,767/mo. Return on cash invested measures 16.18% and rental yield reads 8.24% at the current $985,000. Equity gained on principal adds $6,356/yr, and 5% annual appreciation supports $272,137 by year five. Five-year ROI prints 85.15% and total cumulative return in cash totals $275,926. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,767/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 1910

N/A lot

$N/A/sqft

$1,236 monthly HOA

More details about the property

Enjoy the rare opportunity of a large, open and spacious two-bedroom property in prime Prospect Heights. This property boasts an open plan with high ceilings, sunny south, north and east exposures. Enjoy exposed brick walls, hardwood floors throughout and ample closet storage as well as the approval for in-unit laundry. It has a flexible layout with generous-sized proportions for entertaining, work and separation of bedrooms for privacy. In addition, this layout has been easily converted to a well laid out 3-bed in the same line. This property is in a well-maintained, pet-friendly 16-unit coop building. The coop comprises two buildings, totaling 32 units, on a brownstone block in the historic landmark district, with excellent financials. In addition, the coop also boasts an architect-designed rooftop terrace with city views, great for entertaining and relaxing. The property is located just blocks from Prospect Park, the Brooklyn Museum, Central Library, Botanic Gardens, Grand Army Plaza green market, shops, multiple trains as well as all the restaurants, bars and shops that area has to offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11238, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,474 (100%)
Owner Occupied HU	6,812 (23.1%)
Renter Occupied HU	20,449 (69.4%)
Vacant Housing Units	2,213 ( 7.5%)
Median Home Value	$1,403,531
Average Home Value	$1,446,411