440 Neptune Ave APT 16HBrooklynNY11224
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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
Investment Highlights
Investment property for sale in Brooklyn at 440 Neptune Ave APT 16H, Brooklyn, NY, 11224 earns $2,820/mo cash flow from $5,978/mo rent with a $1,723/mo payment. Total monthly income totals $5,978/mo, and annual cash flow totals $33,843/yr on $116,688 capital. ROI tracks 48.91% on current figures, and rental yield reads 20.38% at a $352,000 purchase. Equity gained on principal adds $2,271/yr, and 5% annual appreciation supports $97,251 over five years. Five-year ROI reaches 262.05% and total cumulative return in cash sums $305,778. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,978/mo property income instead of your personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
$807 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11224, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,119 (100%) |
| Owner Occupied HU | 5,815 (25.2%) |
| Renter Occupied HU | 15,544 (67.2%) |
| Vacant Housing Units | 1,760 ( 7.6%) |
| Median Home Value | $574,176 |
| Average Home Value | $741,108 |
Housing Distribution
Address Breakdown
Residential
20,351
Single Family
2,595
Multi-Family
17,756
Businesses
764
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Listed by: Seman Belfand • Azbel Real Estate Inc
Mls Name: BNYMLS
Mls Provider:
Mls ID: #493504
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.