601 Baltic St #2ABrooklynNY11217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Brooklyn at 601 Baltic St #2A, Brooklyn, NY, 11217 priced at $1,125,000 converts $11,708/mo rent into $3,319/mo cash flow after a $5,506/mo obligation. Total monthly income equals $11,708/mo, and annual cash flow totals $39,825/yr on $364,500 invested. Return on cash invested prints 31.3% in year one, and rental yield reads 12.49% against a $1,125,000 entry. Equity gained on principal adds $7,259/yr, while 5% annual appreciation compiles into $310,817 by year five. Five-year ROI reaches 165.51% and total cumulative return in cash sums $603,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $11,708/mo property income covering a $5,506/mo payment, not borrower’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$877 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,350
Single Family
2,859
Multi-Family
17,491
Businesses
1,444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices