61 Oliver St APT 3T, Brooklyn, NY, 11209 | $1,346/mo Cash Flow

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61 Oliver St APT 3T, Brooklyn, NY, 11209 | $1,346/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 61 Oliver St APT 3T, Brooklyn, NY, 11209 priced at $265,000 pairs $3,686/mo rent with $1,346/mo cash flow after a $1,297/mo payment. Total monthly income equals $3,686/mo, and annual cash flow comes to $16,157/yr on $87,848 invested. Return on cash invested is 38.3% in year one, and rental yield stands at 16.69% on a $265,000 basis. Equity gained on principal adds $1,710/yr, and 5% annual appreciation accumulates to $73,215 by year five. Five-year ROI measures 204.97% and total cumulative return in cash reaches $180,063. For financing, Ziffy Mortgage’s DSCR program evaluates $3,686/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1954

N/A lot

$N/A/sqft

$570 monthly HOA

More details about the property

Charming Turnkey Studio Co-op in Prime Bay Ridge - Near Shore Road Park Welcome to this beautifully maintained, move-in-ready studio in the heart of Bay Ridge by the scenic Shore Road Park. This home offers comfort and convenience, and it is situated in a well-maintained elevator building with onsite laundry and live-in super. Key features include: - Bright, Airy Layout: Natural light fills the space, creating a warm and inviting atmosphere. - Spacious Foyer: A large entryway provides extra space for an office nook or stylish d cor. - Ample Closet Space: Roomy closets offer plenty of storage to keep your home organized. - Eat-In Kitchen: Enjoy cozy meals or entertaining with modern finishes and generous counter space. - Immaculate Condition: Meticulously cared for and ready for a seamless move-in experience. Enjoy the charm and ease of Bay Ridge living in this delightful, turnkey studio. Take advantage of the opportunity to make it your new home! 61 Oliver is a pet-friendly building conveniently located near 3rd Avenue restaurants and shops.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11209, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	33,347 (100%)
Owner Occupied HU	10,175 (30.5%)
Renter Occupied HU	21,237 (63.7%)
Vacant Housing Units	1,935 ( 5.8%)
Median Home Value	$1,072,126
Average Home Value	$1,081,829