440 Neptune Ave APT 18G, Brooklyn, NY, 11224 | $1,778/mo Cash Flow

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440 Neptune Ave APT 18G, Brooklyn, NY, 11224 | $1,778/mo Cash Flow | 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 440 Neptune Ave APT 18G, Brooklyn, NY, 11224 offers a 14.95% rental yield on a $475,000 purchase with $5,917/mo rent. Total monthly income registers $5,917/mo, and a $2,325/mo payment leaves $1,778/mo available for distribution. Annual cash flow reaches $21,335/yr on $157,463 to close, and return on cash invested stands at 33.46% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 178.8% and total cumulative return in cash at $281,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,917/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1964

N/A lot

$N/A/sqft

$967 monthly HOA

More details about the property

This 2-bedroom apartment with a breathtaking view, and convenient layout - Waiting for you! Great view: From the large balcony, you can see the ocean, and from the master bedroom, the Manhattan skyline. Quietest side of the complex: ensuring a peaceful living environment. Convenient layout with ample natural light. Unbeatable location, just a 7-minute walk from the ocean and surrounded by public transportation, supermarkets, cafes, and doctors' offices. All this you will find at this apartment, along with added benefits: - Gym facilities in the lobby for a healthy and active lifestyle - Short waiting list for parking, ensuring a hassle-free commute - Maintenance of $967, including ALL utilities and Taxes - Assessment of $89 Don't miss this apartment!

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