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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 848 56th St, Brooklyn, NY, 11220 projects strong ROI of 6.87%. Rental yield 3.64%. With 5% annual appreciation, the property builds $712,806 in value over five years. Equity growth combined delivers a projected five-year ROI of 33.5%, translating into $280,012 in total cumulative return on $835,920 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Multi Family
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11220, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,465 (100%) |
| Owner Occupied HU | 6,364 (19.6%) |
| Renter Occupied HU | 24,149 (74.4%) |
| Vacant Housing Units | 1,952 ( 6.0%) |
| Median Home Value | $1,106,071 |
| Average Home Value | $1,109,570 |
Residential
22,134
Single Family
7,854
Multi-Family
14,280
Businesses
2,771
Date | Event | Price |
|---|---|---|
| 2024-05-15 | Price change | $2,580,000 |
| 2024-02-20 | Listed for sale | $2,650,000 |
| 2021-05-08 | Sold | $1,850,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | N/A | N/A | $110,220 | 6.99% |
| 2022-08-14 | N/A | N/A | $103,020 | 9.22% |
| 2021-08-14 | N/A | N/A | $94,320 | -8.44% |
Listed by: Yuki Dong - Licensed Real Estate Salesperson • Remax Real Estate Professionals
Mls Name: StreetEasy
Mls ID: #1702127
