10 Montague Ter APT 1B, Brooklyn, NY, 11201 | $1,478/mo Cash Flow

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10 Montague Ter APT 1B, Brooklyn, NY, 11201 | $1,478/mo Cash Flow | Ziffy

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NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Brooklyn at 10 Montague Ter APT 1B, Brooklyn, NY, 11201 offers $5,206/mo rent that, after a $2,325/mo payment, leaves $1,478/mo cash flow. Total monthly income is $5,206/mo, and annual cash flow is $17,735/yr on $157,463 cash. Return on cash invested measures 31.17% in year one, and rental yield stands at 13.15% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 165.41% and total cumulative return in cash reaches $260,455. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,206/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1900

N/A lot

$N/A/sqft

$556 monthly HOA

More details about the property

Live in the grandest mansion in NYC's loveliest location - on the Promenade at the corner of Remsen Street. 10 Montague Terrace circa 1875 was designed by Ebenezer L. Roberts the famous architect of the Pratt Institute and other notable buildings. The semi-detached neo-Grecian Brownson with Italianate and Queen Anne elements has an imposing presence and magnificent interiors. A monumental staircase winds around a wide central hall. There is also an elevator. The property has 68' frontage with a landscaped common garden. The move-in spacious studio was renovated in 2019. 10' ceilings, original hardwood floors, exquisite moldings and woodwork, a working original fireplace & mantel. The renovated kitchen has a 30' GE stove with a griddle and GE refrigerator. A barn door opens to the renovated bathroom. Heat and hot water are included in the low maintenance fee. Sublets, 1 pets and W/D are allowed upon board approval. Laundry and open storage area are in the basement. Close to 8 subway lines, dining, shopping, sport and artistic activities and the Brooklyn Bridge Park.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	38,878 (100%)
Owner Occupied HU	10,690 (27.5%)
Renter Occupied HU	23,599 (60.7%)
Vacant Housing Units	4,589 (11.8%)
Median Home Value	$1,369,636
Average Home Value	$1,410,575