8800 Bay Pkwy #3B, Brooklyn, NY, 11214 | $700/mo Cash Flow

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8800 Bay Pkwy #3B, Brooklyn, NY, 11214 | $700/mo Cash Flow | Ziffy

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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 8800 Bay Pkwy #3B, Brooklyn, NY, 11214 generates $5,939/mo in rent and, after a $3,599/mo payment, leaves $700/mo in cash flow. Total monthly income is $5,939/mo, and annual cash flow is $8,396/yr on $241,915 invested. Return on cash invested sits at 23.53% in year one, and rental yield is 9.69% on a $735,305 entry. Equity gained on principal adds $4,745/yr, while 5% annual appreciation builds toward $203,151 over five years. Five-year ROI reaches 123.47% and total cumulative return in cash sums $298,692. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,939/mo property income rather than buyer’s personal income.

Condo

Built in 2024

N/A lot

$N/A/sqft

$329 monthly HOA

More details about the property

Come home to magnificent living at 8800 Bay Parkway, this beautiful Condominium in Brooklyn. The neighborhood provides easy access to transportation as well as dining and nightlife. At your new home, step past the solid front Faade and inside via the Virtual Door Attendant. Bask in the fine interior design choices, enjoy city skyline views from the stunning furnished sun deck / recreation lounge, feel secure in a building protected by security cameras, while reserved parking adds an extra layer of security and convenience. The residences feature open concept layout, large balconies/ private terraces, elegant two-tone kitchens w/ Caeserstone slab counters, premium appliances and contemporary fixtures, 7.5 inch flooring and in unit W/D.The condominium caters to convenience and luxury with its array of amenities. An indoor fitness center beckons to those seeking well-being, while outdoor recreational spaces invite leisurely escapes. Indoor garage, a dedicated bike area and a virtual door attendant effortlessly combine to elevate the standard of living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11214, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,434 (100%)
Owner Occupied HU	10,119 (28.6%)
Renter Occupied HU	23,064 (65.1%)
Vacant Housing Units	2,251 ( 6.4%)
Median Home Value	$988,547
Average Home Value	$1,082,264