9281 Shore Rd APT 608, Brooklyn, NY, 11209 | $57/mo Cash Flow

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9281 Shore Rd APT 608, Brooklyn, NY, 11209 | $57/mo Cash Flow | 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

Investment property for sale in Brooklyn at 9281 Shore Rd APT 608, Brooklyn, NY, 11209 offers a 8.18% rental yield on a $415,000 purchase with $2,828/mo rent. Total monthly income registers $2,828/mo, and a $2,031/mo payment leaves $57/mo available for distribution. Annual cash flow reaches $683/yr on $137,573 to close, and return on cash invested stands at 20.41% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 106.13% and total cumulative return in cash at $146,001. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,828/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1940

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautiful and sizable top floor pre-war 1 bedroom with over 850 sqft, king sized bedroom and a separate dining area! Welcome to Apt. 608 at 9281 Shore Road, a charming 100+ unit building located on Bay Ridges beautiful waterfront. This apartment sits high up on the 6th floor with only one neighboring apartment. The perfect floorplan allows for a sizable entry foyer with two closets, a huge windowed living room, renovated kitchen and bathroom, king sized bedroom with two huge closets, and a dining room adjacent to the kitchen. The dining room has served well as additional space for a home office, sleeping quarters, or family room, making this layout an incredible value! High ceilings, hardwood floors, custom kitchen cabinetry and countertops and beautiful and an extra large and bright tiled bathroom make this the one you have been waiting for! 9281 Shore Road has many amenities such as storage rooms, bicycle storage, an on site super, two elevators, a fitness room, two laundry rooms, and a shared outdoor space for residents to enjoy. Well managed and well maintained. Enjoy living on Shore Road with convenient access to the Express Bus to Manhattan right outside your door, as well as access to bike paths, parks, the Bay Ridge Promenade and much more. Do not miss your chance to own one of the best apartments on the market now!

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