458 Neptune Ave APT 5E, Brooklyn, NY, 11224 | $1,841/mo Cash Flow

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458 Neptune Ave APT 5E, Brooklyn, NY, 11224 | $1,841/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 458 Neptune Ave APT 5E, Brooklyn, NY, 11224 offers a 15.36% rental yield on a $445,000 purchase with $5,695/mo rent. Total monthly income registers $5,695/mo, and a $2,178/mo payment leaves $1,841/mo available for distribution. Annual cash flow reaches $22,097/yr on $147,518 to close, and return on cash invested stands at 34.89% in year one. Equity gained on principal adds $2,872/yr while 5% annual appreciation supports $122,945 over five years. Portfolio math shows five-year ROI at 186.42% and total cumulative return in cash at $275,000. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,695/mo property income against a $2,178/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

$882 monthly HOA

More details about the property

This beautiful 2-bedroom apartment is located near the ocean and offers great comfort and convenience in move-in condition. In the apartment, you'll find two good-sized bedrooms and plenty of closet space for all your things. Step out onto the balcony to enjoy your morning coffee with a beautiful view. The building has amenities like laundry and a gym on the lobby level, as well as a playground for kids. Parking might have a short waiting list, but maintenance fees cover everything you need. You'll love the location, just a block away from supermarkets, cafs, parks, and public transportation. This apartment isn't just a place to liveit's a lifestyle. Schedule a visit today and experience coastal living at its best! As always, in Real Estate, Location, Location, Location!

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