7115 3rd Ave APT 3C, Brooklyn, NY, 11209 | 8.42% Rental Yield

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7115 3rd Ave APT 3C, Brooklyn, NY, 11209 | 8.42% Rental Yield | 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

Investment property for sale in Brooklyn at 7115 3rd Ave APT 3C, Brooklyn, NY, 11209 earns from $3,152/mo rent with a $2,198/mo payment. Total monthly income totals $3,152/mo. ROI tracks 13.2% on current figures, and rental yield reads 8.42% at a $449,000 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 over five years. Five-year ROI reaches 70.43% and total cumulative return in cash sums $104,824. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,152/mo property income instead of your personal income.

Condo

Built in 1920

N/A lot

$N/A/sqft

$985 monthly HOA

More details about the property

This beautifully renovated apartment in Bay Ridge is a true gem! Featuring a cozy fireplace, convenient transportation options, in unit washer and dryer for added convenience, a spacious dining area, gleaming hardwood floors, and 9-foot ceilings that create an airy feel. The apartment is bathed in natural light, making it a sunny and inviting space. IDEAL location near the subway, express bus, ferry, local shops, restaurants, waterfront parks, and the Shore Road promenade offers convenience and a vibrant lifestyle. The apartment has abundant closets and storage space, including (2) 200 cubic feet of SECURED BASEMENT STORAGE. This building is pet friendly and allows subletting.

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