Wondering if I'm cashflow negative in South Brooklyn
Hi folks, brand new to the site.
I own a 3br/1.75bath 1,000 sq ft condo in Bensonhurst, Brooklyn. 2003 construction. It has a 250 sq ft terrace. It is my main residence. My costs (mortgage, tax, maintenance) are $2700. I also have a parking spot in the underground/indoor garage (only 6 spots total).
My research into similar rentals almost exclusively yields houses or duplexes, with an outdoor parking spot, between buildings. And rents on those are below my costs. So I'm having a hard time figuring out if I could rent my property out while having any positive cash flow. I'd be curious to hear some opinions from people familiar with this specific area.