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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Brooklyn at 538 E 40th St, Brooklyn, NY, 11203 offers a 6.43% rental yield on a $750,000 purchase with $4,018/mo rent. 24% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 78.44% and total cumulative return in cash at $193,554. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,018/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11203, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,458 (100%) |
| Owner Occupied HU | 10,125 (33.2%) |
| Renter Occupied HU | 18,555 (60.9%) |
| Vacant Housing Units | 1,778 ( 5.8%) |
| Median Home Value | $671,755 |
| Average Home Value | $719,379 |
Residential
22,794
Single Family
10,334
Multi-Family
12,460
Businesses
1,490
Date | Event | Price |
|---|---|---|
| 2025-04-21 | Listed for sale | $750,000 |
| 2019-07-23 | Sold | $587,000 |
| 2019-03-15 | Pending sale | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $5999.00 | N/A | $42,000 | -2.91% |
| 2023-04-22 | N/A | N/A | $43,260 | 11.78% |
| 2022-04-22 | N/A | N/A | $38,700 | 4.03% |
Listed by: Phillip Acha • Brown Harris Stevens
Mls Name: StreetEasy
Mls ID: #S1766474
