9902 3rd Ave APT 6I, Brooklyn, NY, 11209 | $680/mo Cash Flow

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9902 3rd Ave APT 6I, Brooklyn, NY, 11209 | $680/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 9902 3rd Ave APT 6I, Brooklyn, NY, 11209 uses $107,738 cash to close to unlock $8,165/yr annual cash flow and $680/mo monthly cash flow. Total monthly income runs $2,851/mo, and a $1,591/mo payment keeps the spread at $680/mo. Purchase price stands at $325,000, and rental yield measures 10.53% with $2,851/mo rent. Return on cash invested shows 27.49% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 144.15% and total cumulative return in cash records $155,305. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,851/mo property income covering a $1,591/mo payment rather than investor’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this spacious and inviting 1-bedroom co-op located in the heart of highly desirable Bay Ridge. Featuring beautiful hardwood floors throughout, this well-maintained unit offers both comfort and convenience. The building is equipped with excellent amenities, including a laundry room, storage room, bike room, and a live-in superintendent. Parking is available via a waitlist. As an added bonus, residents enjoy exclusive access to a private park next to the buildingperfect for relaxing outdoors. Ideally situated just minutes from Shore Road, youll have easy access to the Manhattan Express Bus and the R subway line, just a short distance away. You're also conveniently close to the Brooklyn Ferry Service, offering connections to Manhattan and Brooklyn neighborhoods like Sunset Park, Red Hook, Brooklyn Bridge Park, and DUMBO. Dont miss out on this perfect Bay Ridge gem!

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