93 Rapelye St APT 3D, Brooklyn, NY, 11231 | 4.33% Rental Yield

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93 Rapelye St APT 3D, Brooklyn, NY, 11231 | 4.33% 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 93 Rapelye St APT 3D, Brooklyn, NY, 11231 offers $5,394/mo rent that, after a $7,317/mo payment. Total monthly income is $5,394/mo. Return on cash invested measures 7.36% in year one, and rental yield stands at 4.33% at a $1,495,000 entry. Equity gained on principal adds $9,647/yr while 5% annual appreciation compounds into $413,041 by year five. Five-year ROI records 36.7% and total cumulative return in cash reaches $177,769. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,394/mo property income versus a $7,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 2004

N/A lot

$N/A/sqft

$662 monthly HOA

More details about the property

Welcome to your dream home at the desirable Maritime in the heart of one of Brooklyn's most vibrant neighborhoods. Unit 3D is a stunning 3-bedroom, 2-bathroom condo combining comfort and elegance. Step into the sunlit open-concept living space featuring beautiful hardwood floors throughout. The spacious living room seamlessly flows into a gourmet kitchen equipped with premium stainless steel appliances and sleek granite countertops perfect for culinary enthusiasts and entertainers alike. Retreat to the master suite, with ample closet space and a luxe en-suite bathroom featuring a spa-like shower and contemporary finishes. The additional two bedrooms are generously sized, offering versatility for guest rooms, a home office, or personal creative spaces. Enjoy the outdoors from your private covered balcony, ideal for sipping morning coffee or unwinding with a glass of wine as the sun sets. You do not want to miss this special Carroll Gardens home, which boasts an in-unit washer/dryer and PTAC units in each room, providing 3-zone comfort. Conveniently located in the heart of Brooklyn, this residence provides easy access to a myriad of dining, shopping, and entertainment options. With its modern charm and prime location, this home on Rapelye Street is a must-see for those seeking a stylish urban dwelling. Schedule a showing today and experience the allure of this inviting Brooklyn abode.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11231, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,446 (100%)
Owner Occupied HU	4,101 (23.5%)
Renter Occupied HU	12,031 (69.0%)
Vacant Housing Units	1,314 ( 7.5%)
Median Home Value	$1,765,973
Average Home Value	$1,624,888