7101 Colonial Rd APT R3E, Brooklyn, NY, 11209 | $3,287/mo Cash Flow

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7101 Colonial Rd APT R3E, Brooklyn, NY, 11209 | $3,287/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 7101 Colonial Rd APT R3E, Brooklyn, NY, 11209 offers $6,665/mo rent that, after a $1,860/mo payment, leaves $3,287/mo cash flow. Total monthly income is $6,665/mo, and annual cash flow is $39,448/yr on $125,970 cash. Return on cash invested measures 51.22% in year one, and rental yield stands at 21.05% at a $380,000 entry. Equity gained on principal adds $2,452/yr while 5% annual appreciation compounds into $104,987 by year five. Five-year ROI records 274.33% and total cumulative return in cash reaches $345,577. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,665/mo property income versus a $1,860/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1928

N/A lot

$N/A/sqft

$840 monthly HOA

More details about the property

Stretch out and relax in this spacious one-bedroom, one-bathroom co-op in the heart of residential Bay Ridge, minutes from waterfront outdoor space and great restaurants. Inside this expansive home, you are welcomed to beautiful garden views, a long gallery entry introduces soaring ceilings, hardwood floors, and a convenient coat closet. Ahead, the large living room provides a generous footprint for seating and dining areas alongside oversized windows. In the windowed eat-in kitchen, you'll find gleaming tile floors, abundant cabinet and pantry space, tile backsplashes, full-size appliances, and plenty of room for a caf table. Enjoy a king-size bedroom with space for a home office area and a windowed full bathroom with a large tub/shower. Two more large closets ensure storage will never be a concern in this beautiful Brooklyn home. Built in 1928, 7101 Colonial Road is a stately elevator cooperative where residents enjoy a gorgeous lobby, live-in superintendent, a state-of-the-art laundry room, storage, a bike room, and a courtyard. Cats and dogs up to 40 lbs. are permitted. Subletting is allowed for two years after two years. Located on a tree-lined street, this Bay Ridge home is close to fantastic dining and shopping along 3rd and 5th Avenues. Breathtaking bridge views, recreation and green space are found just blocks away at Owl's Head Park and Shore Road Park. Excellent express bus service, the R train, Bay Ridge Ferry Terminal, Belt Parkway, Gowanus Expressway and Verrazano-Narrows Bridge provide easy access to the rest of the city and beyond.

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