601 Surf Ave APT 11Y, Brooklyn, NY, 11224 | 8.81% Rental Yield

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601 Surf Ave APT 11Y, Brooklyn, NY, 11224 | 8.81% 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

Total monthly income runs $4,324/mo, and a $2,883/mo payment. Purchase price stands at $589,000, and rental yield measures 8.81% with $4,324/mo rent. Return on cash invested shows 16.84% in year one, and 5% annual appreciation builds toward $162,730 over five years. Five-year ROI reaches 89.03% and total cumulative return in cash records $172,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,324/mo property income covering a $2,883/mo payment rather than investor’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$911 monthly HOA

More details about the property

!!!! Open House By Appointment Only!!!!! Luxury living! Stunning oceanfront location, on the Brighton Beach boardwalk and close to major attractions at Brighton Beach and Coney Island; direct access to all major subway lines and Belt Parkway, short distance to train, bus and shopping. A tastefully done 2-bedroom condo with a comfortable and functional layout, it is a perfect place to call home. This sunny and bright, completely redone apartment kitchen, living room, dining room with an access to a large balcony with amazing views of the Ocean, Coney Island Luna Park and Verrazano Bridge, lots of custom closet space, large size of bedrooms, bathroom & much more. Low basic maintenance $911/m included all utilities. Very low property taxes $1600/year. This very well-maintained building features such amenities as Heated Olympic size outdoor pool and kiddie Pool, New Lobby, Full-Time Doorman, 24-Hour Security, Package Room, Updated Laundry Room, 2 Elevators and is located next to the Beach and the famous Coney Island Boardwalk. Gym. Pets friendly. Sublet Ok from day 1. Good option for investment !!!! Open House By Appointment Only!!!!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11224, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,119 (100%)
Owner Occupied HU	5,815 (25.2%)
Renter Occupied HU	15,544 (67.2%)
Vacant Housing Units	1,760 ( 7.6%)
Median Home Value	$574,176
Average Home Value	$741,108