464 Neptune Ave APT 3F, Brooklyn, NY, 11224 | $103/mo Cash Flow

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464 Neptune Ave APT 3F, Brooklyn, NY, 11224 | $103/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 464 Neptune Ave APT 3F, Brooklyn, NY, 11224 uses $149,175 cash to close to unlock $1,230/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $3,108/mo, and a $2,203/mo payment keeps the spread at $103/mo. Purchase price stands at $450,000, and rental yield measures 8.29% with $3,108/mo rent. Return on cash invested shows 20.73% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 107.92% and total cumulative return in cash records $160,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,108/mo property income covering a $2,203/mo payment rather than investor’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

This beautiful two-bedroom, one-bathroom, fully renovated co-op in Trump Village, Section 3, is very quiet! The master bedroom has a large walk-in wardrobe. The foyer has large closets. Trump Village 3 is located just minutes away from the beach, an amusement park, subway stations and a shopping area. The complex offers 24-hour security, a laundry room, a brand new gym and storage rooms, all of which are conveniently located in the lobby. Parking is available via a waiting list. Children will love playing in the new, secure, private outdoor and indoor playgrounds. For the residents' convenience, Trump Village 3 also has a daycare centre, a dry cleaner and a doctor's surgery within the complex. Subleasing is permitted from the first day after closing for three out of five consecutive years. Dogs are permitted. Residents enjoy the lowest maintenance fees in the neighborhood. Maintenance costs are low at only $882.53, including gas, heat and electricity. The assessment is only $76.28!

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