66 Montague St APT 6, Brooklyn, NY, 11201 | 5.78% Rental Yield

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66 Montague St APT 6, Brooklyn, NY, 11201 | 5.78% Rental Yield | Ziffy

For Sale

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

Rental property for sale in Brooklyn at 66 Montague St APT 6, Brooklyn, NY, 11201 priced at $1,295,000 pairs $6,235/mo rent with after a $6,338/mo payment. Total monthly income equals $6,235/mo. Return on cash invested is 13.47% in year one, and rental yield stands at 5.78% on a $1,295,000 basis. Equity gained on principal adds $8,356/yr, and 5% annual appreciation accumulates to $357,785 by year five. Five-year ROI measures 68.87% and total cumulative return in cash reaches $288,978. For financing, Ziffy Mortgage’s DSCR program evaluates $6,235/mo property income against a $6,338/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1940

N/A lot

$N/A/sqft

No HOA

More details about the property

This oversized & sprawling 2 bedroom pet friendly home is located in a beautiful pre-war brownstone mansion situated on one of Brooklyn Height's most coveted locations, a block from the Promenade between Hicks Street & Montague Terrace. The apartment is two flights up and features a formal dining, a huge living room, soaring ceilings and original moldings throughout. Original pocket shutters compliment the oversized windows which flood the space with southern light and overlook the plush trees in the garden. There are beautiful hardwood floors throughout, walk-in California closet & great storage. The beautifully renovated bathroom and windowed kitchen makes this the perfect apartment to call home. The apartment is designated a large storage space in the bldg., there is also bike storage & laundry in the bldg. Other units have added washer and dryers in-unit. Come out of your front door and you have all of the luxuries and convenience that 66 Montague Street has to offer; the Promenade, Brooklyn Bridge Park, the restaurants, and the subways are all a few blocks away making the commute into Manhattan or other neighborhoods in Brooklyn extremely convenient. Contact me today to schedule a tour of residence #6 at 66 Montague Street & Welcome home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	38,878 (100%)
Owner Occupied HU	10,690 (27.5%)
Renter Occupied HU	23,599 (60.7%)
Vacant Housing Units	4,589 (11.8%)
Median Home Value	$1,369,636
Average Home Value	$1,410,575