255 79th St APT E8, Brooklyn, NY, 11209 | $922/mo Cash Flow

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Price: $300K - 500K

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255 79th St APT E8, Brooklyn, NY, 11209 | $922/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 255 79th St APT E8, Brooklyn, NY, 11209 uses $99,119 cash to close to unlock $11,061/yr annual cash flow and $922/mo monthly cash flow. Total monthly income runs $3,713/mo, and a $1,463/mo payment keeps the spread at $922/mo. Purchase price stands at $299,000, and rental yield measures 14.9% with $3,713/mo rent. Return on cash invested shows 31.07% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 166.82% and total cumulative return in cash records $165,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,713/mo property income covering a $1,463/mo payment rather than investor’s personal income.

Condo

Built in 1928

N/A lot

$N/A/sqft

$795 monthly HOA

More details about the property

Great size, very bright and sunny one bedroom apartment in Prime Bay Ridge 5th floor south facing unit with views of the bridge and lots of sun. The building is off 3rd Avenue and walking distance to great shopping and only 2 blocks away from R train station and local buses. The Apartment has a dishwasher, microwave and window air conditioners. Washer and dryer are in the basement as well. Maintenance is $795 Asking price is $330.000

Neighborhood Data

Neighborhood data shown for ZIP Code: 11209, Brooklyn, NY area.

Housing Distribution

Housing Statistics

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