308 101st St APT 44C, Brooklyn, NY, 11209 | 7.08% Rental Yield

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308 101st St APT 44C, Brooklyn, NY, 11209 | 7.08% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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 308 101st St APT 44C, Brooklyn, NY, 11209 listed at $385,000 pairs $2,273/mo rent with a $1,884/mo payment. Total monthly income runs $2,273/mo. Return on cash invested measures 11.01% in year one, and rental yield registers 7.08% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 57.98% and total cumulative return in cash totals $74,002. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,273/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in N/A

N/A lot

$N/A/sqft

$649 monthly HOA

More details about the property

Introducing Unit 44C at 308 101st street, a beautifully maintained one-bedroom co-op with a super rare parking space included in the sale! Located in vibrant Bay Ridge, this stunning coop perfectly combines comfort and convenience and is situated at the cusp of the Shore Road Waterfront, shopping on 3rd Avenue, the 95th Street R train, and Express Buses to NYC. This lovely apartment boasts newly tiled floors, a stylish kitchen, spacious bedroom with a massive closet and a huge front facing terrace! The custom kitchen includes imported granite counter tops with imported Italian marble back splash, an inviting kitchen island and stainless steel energy efficient appliances. There is a tank-less hot water heater supplying hot water in a flash, and two new Split System HVAC units installed in the living room and bedroom for on demand climate control. The elegant bath features a jacuzzi soaking tub and linen closet. There's an abundance of natural light throughout and a flexible layout enabling space for a home office desk or work station. The pet friendly building also offers communal laundry facilities, a shared outdoor community garden and a storage closet that is included in the sale, further enhancing this property's attractive features. With its prime location, stylish updates, and an array of amenities, offers a unique chance to own a piece of Brooklyn's highly sought-after Bay Ridge neighborhood. Don't miss this exceptional opportunity!

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