601 Surf Ave APT 16R, Brooklyn, NY, 11224 | $252/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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601 Surf Ave APT 16R, Brooklyn, NY, 11224 | $252/mo Cash Flow | Ziffy

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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 601 Surf Ave APT 16R, Brooklyn, NY, 11224 listed at $539,000 pairs $4,861/mo rent with a $2,638/mo payment to leave $252/mo cash flow. Total monthly income runs $4,861/mo, and annual cash flow reaches $3,021/yr on $177,331 cash to close. Return on cash invested measures 21.76% in year one, and rental yield registers 10.82% at a $539,000 basis. Equity gained on principal adds $3,478/yr, and annual property appreciation at 5% supports $148,916 by year five. Five-year ROI tracks 115.87% and total cumulative return in cash totals $205,476. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,861/mo property income relative to a $2,638/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,010 monthly HOA

More details about the property

call Julie Sikar for all showings A great 2-bedroom, 1-bathroom condo located in the Brightwater Towers complex in the lively area of Brighton Beach. This corner unit features a spacious living room and dining room combination, numerous closets throughout the apartment, and a large balcony offering breathtaking ocean views, Luna Park, and Coney Island. From the balcony, you can enjoy magnificent sunsets and summer fireworks. Additionally, there is an option to purchase parking at an extra cost of 65K. Maintenance includes all major utilities, and the property has low yearly taxes 1,730 a year Capital assessments monthly are $201.25 The building boasts excellent amenities such as 24-hour security, an outdoor heated pool and kiddie pool, a gym, and a package room. The location is superb, with close proximity to transportation, stores, parks, schools, and shopping.

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