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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 8638 24th Ave APT 5, Brooklyn, NY, 11214 earns $577/mo cash flow from $5,185/mo rent with a $3,181/mo payment. Total monthly income totals $5,185/mo, and annual cash flow totals $6,922/yr on $213,850 capital. ROI tracks 23.3% on current figures, and rental yield reads 9.57% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 122.16% and total cumulative return in cash sums $261,242. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,185/mo property income instead of your personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$268 monthly HOA
Neighborhood data shown for ZIP Code: 11214, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,434 (100%) |
| Owner Occupied HU | 10,119 (28.6%) |
| Renter Occupied HU | 23,064 (65.1%) |
| Vacant Housing Units | 2,251 ( 6.4%) |
| Median Home Value | $988,547 |
| Average Home Value | $1,082,264 |
Residential
28,784
Single Family
11,176
Multi-Family
17,608
Businesses
1,701
Date | Event | Price |
|---|---|---|
| 2024-07-25 | Listed for sale | $650,000 |
| 2016-07-28 | Sold | $470,000 |
| 2008-06-30 | Sold | $355,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $27,825 | 8.46% |
| 2022-08-13 | N/A | N/A | $25,654 | 13.15% |
| 2021-08-13 | N/A | N/A | $22,673 | -5.57% |
Listed by: Chao Wang - Licensed Real Estate Salesperson • Momentum Real Estate LLC
Mls Name: StreetEasy
Mls ID: #1727832
