613 Baltic St APT 5BBrooklynNY11217
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 5B, Brooklyn, NY, 11217 priced at $332,366 converts $9,654/mo rent into $5,334/mo cash flow after a $1,627/mo obligation. Total monthly income equals $9,654/mo, and annual cash flow totals $64,008/yr on $110,179 invested. Return on cash invested prints 78% in year one, and rental yield reads 34.86% against a $332,366 entry. Equity gained on principal adds $2,145/yr, while 5% annual appreciation compiles into $91,827 by year five. Five-year ROI reaches 423.3% and total cumulative return in cash sums $466,389. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,654/mo property income covering a $1,627/mo payment, not borrower’s personal income.
Condo
Built in 2017
9,958 sqft lot
$N/A/sqft
$1,209 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