2138 Bath Ave APT 3B, Brooklyn, NY, 11214 | $1,202/mo Cash Flow

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2138 Bath Ave APT 3B, Brooklyn, NY, 11214 | $1,202/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

Investment property for sale in Brooklyn at 2138 Bath Ave APT 3B, Brooklyn, NY, 11214 listed at $788,000 pairs $6,991/mo rent with a $3,857/mo payment to leave $1,202/mo cash flow. Total monthly income runs $6,991/mo, and annual cash flow reaches $14,421/yr on $259,252 cash to close. Return on cash invested measures 25.62% in year one, and rental yield registers 10.65% at a $788,000 basis. Equity gained on principal adds $5,085/yr, and annual property appreciation at 5% supports $217,710 by year five. Five-year ROI tracks 134.98% and total cumulative return in cash totals $349,928. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,991/mo property income relative to a $3,857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2008

N/A lot

$N/A/sqft

$527 monthly HOA

More details about the property

Welcome to your top floor 1,322 sqft condo duplex in the heart of Bath Beach, Brooklyn! This sun drenched 3 bedroom, 2 full bathroom apartment welcomes you with an airy open layout; combining living, dining and kitchen. The large windowed kitchen is illuminated with sunlight and features new full- sized stainless steel appliances, warm wood cabinetry and granite countertops. Just pass your open kitchen you are guided by south/west sunlight into your airy living room, which leads to your very own private terrace perfect for hosting a summer get together with family and friends. Also on this level you will find 2 queens sized bedrooms, a full bath, washer/dryer and tons of closets for storage. On the second level you will find a sunny king-sized primary bedroom, with dressing area, walk-in closet and on-suite full bath. The apartment is located in an elevator building with low HOA.The apartment comes with a private storage room and deeded parking spot. There is also a tax abatement in place until 2026. This condo is located near the bustling life of Bay Parkway/86th Street, and shops in Ceasar's Bay Shopping Center. With easy access to public transportation (D Train, B82, B6, B64), this condo offers excellent value in a prime location. Don't miss out on this fantastic opportunity to own a slice of Brooklyn!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11214, Brooklyn, NY area.

Housing Distribution

Housing Statistics

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