93 Rapelye St APT 6C, Brooklyn, NY, 11231 | $514/mo Cash Flow

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Price: $300K - 500K

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Home Type: Single Family

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93 Rapelye St APT 6C, Brooklyn, NY, 11231 | $514/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

Investment property for sale in Brooklyn at 93 Rapelye St APT 6C, Brooklyn, NY, 11231 uses $367,740 cash to close to unlock $6,167/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $8,630/mo, and a $5,555/mo payment keeps the spread at $514/mo. Purchase price stands at $1,135,000, and rental yield measures 9.12% with $8,630/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $313,580 over five years. Five-year ROI reaches 115.49% and total cumulative return in cash records $424,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,630/mo property income covering a $5,555/mo payment rather than investor’s personal income.

Condo

Built in 2004

N/A lot

$N/A/sqft

$537 monthly HOA

More details about the property

Welcome to this charming 2-bedroom, 1-bathroom home located at the desirable Maritime in Carroll Gardens. This modern residence offers a blend of comfort and style, making it perfect for those seeking a cozy urban retreat. As you step inside, you'll be greeted by an inviting living space adorned with natural light and contemporary finishes. The open layout seamlessly connects the living area to the well-appointed kitchen, creating an ideal setting for entertaining guests or simply relaxing after a long day. The kitchen boasts sleek cabinetry, stainless steel GE appliances, and ample counter space, catering to your culinary endeavors. The bedrooms are generously sized, offering versatile options for creating a home office or a comfortable relaxation space. The bathroom features modern fixtures and a clean, minimalist design. Step outside to your own private covered outdoor space, where you can enjoy peace and relaxation, or fire up the grill for your guests. Whether it's enjoying a morning coffee or unwinding under the stars, this outdoor oasis is a delightful addition to the home. You do not want to miss this special Carroll Gardens home, which boasts 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