319 Schermerhorn St APT 3B, Brooklyn, NY, 11217 | $174/mo Cash Flow

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319 Schermerhorn St APT 3B, Brooklyn, NY, 11217 | $174/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 319 Schermerhorn St APT 3B, Brooklyn, NY, 11217 priced at $925,000 converts $7,453/mo rent into $174/mo cash flow after a $4,527/mo obligation. Total monthly income equals $7,453/mo, and annual cash flow totals $2,093/yr on $304,325 invested. Return on cash invested prints 20.75% in year one, and rental yield reads 9.67% against a $925,000 entry. Equity gained on principal adds $5,969/yr, while 5% annual appreciation compiles into $255,560 by year five. Five-year ROI reaches 109.53% and total cumulative return in cash sums $333,325. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,453/mo property income covering a $4,527/mo payment, not borrower’s personal income.

Condo

Built in 2017

N/A lot

$N/A/sqft

$1,102 monthly HOA

More details about the property

*421A TAX ABATEMENT UNTIL 2033. Please direct all inquiries via Streeteasy messaging or email ALL SHOWINGS MUST HAVE APPOINTMENTS. * Residence 3B is a 716 square foot, south-facing, corner one bedroom featuring magnificent floor to ceiling windows and exceptional light. This exquisite layout leaves no detail spared with ample closet space throughout, 6" wide plank oak floors, separate closet for Bosch washer/dryer, and an efficient central A/C and heating system. The kitchen is impeccably designed featuring top-of-the-line appliances including Caeserstone frosty carina quartz countertops, Grohe faucet, and Bosch appliances. In addition, the bedroom suite is incredibly spacious and the bathroom is completed with a walnut veneer vanity with pure white Caeserstone quartz countertops, Signature plumbing fixtures, and an undermount Signature bathtub. The Nevins is a luxury Condominium offering 24-hour Doorman and Concierge Services, Package Room, Fitness Center, Residents Lounge designated for entertaining, Kids' Playroom, Bicycle storage and Private storage, Rear Outdoor Courtyard with Lounge Seating, and Landscaped Roof Terrace with Panoramic views. It is ideally located at 319 Schermerhorn, in the heart of Boerum Hill, where classic Brooklyn neighborhood charm meets modern urbanity. *There is a building general assessment for $281 ending in December this year* *Photos shown were taken when the property was vacant and virtually staged*

Neighborhood Data

Neighborhood data shown for ZIP Code: 11217, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,719 (100%)
Owner Occupied HU	5,268 (21.3%)
Renter Occupied HU	17,323 (70.1%)
Vacant Housing Units	2,128 ( 8.6%)
Median Home Value	$1,753,412
Average Home Value	$1,604,739