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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 7200 Ridge Blvd #409, Brooklyn, NY, 11209 listed at $245,000 pairs $1,688/mo rent with a $1,199/mo payment. Total monthly income runs $1,688/mo. Return on cash invested measures 7.6% in year one, and rental yield registers 8.27% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 42.29% and total cumulative return in cash totals $34,344. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,688/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1932
N/A lot
$N/A/sqft
$885 monthly HOA
Neighborhood data shown for ZIP Code: 11209, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,347 (100%) |
| Owner Occupied HU | 10,175 (30.5%) |
| Renter Occupied HU | 21,237 (63.7%) |
| Vacant Housing Units | 1,935 ( 5.8%) |
| Median Home Value | $1,072,126 |
| Average Home Value | $1,081,829 |
Residential
29,004
Single Family
8,429
Multi-Family
20,575
Businesses
1,980
Date | Event | Price |
|---|---|---|
| 2024-10-28 | Listed for sale | $245,000 |
| 2024-06-11 | Listing removed | N/A |
| 2023-11-09 | Price change | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Herng-Hwa L. Sheu • Hometown Properties
Mls Name: BNYMLS
Mls Provider:
Mls ID: #487072
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
