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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Brooklyn at 601 Surf Ave APT 8C, Brooklyn, NY, 11224 priced at $695,000 pairs $5,824/mo rent with $307/mo cash flow after a $3,402/mo payment. Total monthly income equals $5,824/mo, and annual cash flow comes to $3,679/yr on $228,655 invested. Return on cash invested is 21.67% in year one, and rental yield stands at 10.06% on a $695,000 basis. Equity gained on principal adds $4,485/yr, and 5% annual appreciation accumulates to $192,016 by year five. Five-year ROI measures 114.56% and total cumulative return in cash reaches $261,954. For financing, Ziffy Mortgage’s DSCR program evaluates $5,824/mo property income against a $3,402/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1964
N/A lot
$N/A/sqft
$876 monthly HOA
Neighborhood data shown for ZIP Code: 11224, Brooklyn, NY area.
| 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 |
Residential
20,351
Single Family
2,595
Multi-Family
17,756
Businesses
764
Date | Event | Price |
|---|---|---|
| 2023-11-30 | Price change | $695,000 |
| 2023-11-13 | Listed for sale | $690,000 |
| 2022-06-16 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $51,920 | 14.34% |
| 2022-08-13 | N/A | N/A | $45,410 | 27.22% |
| 2021-08-13 | N/A | N/A | $35,693 | -9.71% |
Listed by: Valentina Berlyand • Maximillion Realty, Inc.
Mls Name: BNYMLS
Mls Provider:
Mls ID: #478257
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
