458 Neptune Ave APT 3K, Brooklyn, NY, 11224 | $1,002/mo Cash Flow

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458 Neptune Ave APT 3K, Brooklyn, NY, 11224 | $1,002/mo Cash Flow | 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 458 Neptune Ave APT 3K, Brooklyn, NY, 11224 offers a 10.75% rental yield on a $439,000 purchase with $3,934/mo rent. Total monthly income registers $3,934/mo, and a $2,149/mo payment leaves $1,002/mo available for distribution. Annual cash flow reaches $12,025/yr on $145,529 to close, and return on cash invested stands at 28.17% in year one. Equity gained on principal adds $2,833/yr while 5% annual appreciation supports $121,288 over five years. Portfolio math shows five-year ROI at 147.82% and total cumulative return in cash at $215,120. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,934/mo property income against a $2,149/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

No HOA

More details about the property

Brighton Beach Area Trump Village Section 3 A spacious 2-bed 1.5 bath, no Balcony facing West Fifth Street, Great complex located near the beach with transportation and stores close by Parking can be rented short waiting list 20% down Board approval Maintenance $958 includes all major utilities, heat, gas and electricity. addional $80 Assesment Each AC is an additional $30 per month. Pets allowed Sublet allowed after two years of ownership **Building Amenities**: - 24-Hour Security - Modern Gym - Childrens Playground - Dog Park - Rental Parking (short waiting list)

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