








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 583 Putnam Ave #3, Brooklyn, NY, 11221 listed at $880,000 pairs $3,720/mo rent with a $4,307/mo payment. Total monthly income runs $3,720/mo. Return on cash invested measures 11.12% in year one, and rental yield registers 5.07% at a $880,000 basis. Equity gained on principal adds $5,679/yr, and annual property appreciation at 5% supports $243,128 by year five. Five-year ROI tracks 56.33% and total cumulative return in cash totals $163,100. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,720/mo property income relative to a $4,307/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1901
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11221, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,771 (100%) |
| Owner Occupied HU | 6,151 (15.9%) |
| Renter Occupied HU | 29,138 (75.2%) |
| Vacant Housing Units | 3,482 ( 9.0%) |
| Median Home Value | $1,248,648 |
| Average Home Value | $1,267,842 |
Residential
31,571
Single Family
10,153
Multi-Family
21,418
Businesses
1,223
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Charles Olson • Keller Williams Realty Empire
Mls Name: StreetEasy
Mls ID: #S1799013