306 Gold St APT 6E, Brooklyn, NY, 11201 | $887/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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306 Gold St APT 6E, Brooklyn, NY, 11201 | $887/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 306 Gold St APT 6E, Brooklyn, NY, 11201 uses $243,460 cash to close to unlock $10,648/yr annual cash flow and $887/mo monthly cash flow. Total monthly income runs $6,396/mo, and a $3,622/mo payment keeps the spread at $887/mo. Purchase price stands at $740,000, and rental yield measures 10.37% with $6,396/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $204,448 over five years. Five-year ROI reaches 128.74% and total cumulative return in cash records $313,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,396/mo property income covering a $3,622/mo payment rather than investor’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

$567 monthly HOA

More details about the property

You will appreciate coming home to this lifestyle. The Oro Condominium, a stunning architectural masterpiece with an exterior glass facade soaring 40 stories above the trendy landscape of downtown Brooklyn. This full-service Manhattan-style building. Thus Condo offers spacious alcove studio home, uninterrupted views, and an array of amenities, setting the standard for urban living in the heart of Brooklyn. This exquisite home boasts an abundance of natural light, separation of living and sleeping areas, breathtaking city views, 9-foot ceilings, central air, a Bosch stackable washer and dryer, stainless steel kitchen with dishwasher and garbage disposal, elegant hardwood floors and generous closet space. Enjoy the perks of a 24 hour doorman/concierge, live in resident-manager, state of the art fitness center w/ a pool, sauna & basketball/racquetball court, screening room, bike room & parking available at an additional fee. With proximity to the Manhattan and Brooklyn Bridges, as well as a multitude of subway lines (A, B, C, F, G, R, Q, 2, 3, 4, 5) and Citi-Bike stations, commuting and exploring the city couldn't be more convenient. #brooklyncondominium #davidesposito #nyespo#brooklyncondoforsale #theoro #brooklynoro #brooklyncondominiumforsale #oro #306goldst #306goldstreetbrooklyn

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