613 Baltic St APT 2CBrooklynNY11217
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 613 Baltic St APT 2C, Brooklyn, NY, 11217 generates $11,735/mo in rent and, after a $7,073/mo payment, leaves $849/mo in cash flow. Total monthly income is $11,735/mo, and annual cash flow is $10,189/yr on $468,180 invested. Return on cash invested sits at 22.55% in year one, and rental yield is 9.75% on a $1,445,000 entry. Equity gained on principal adds $9,324/yr, while 5% annual appreciation builds toward $399,227 over five years. Five-year ROI reaches 118.7% and total cumulative return in cash sums $555,719. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $11,735/mo property income rather than buyer’s personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
$1,236 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