with 80k income potential.
there is a very high demand for fully renovated apts in Bedstuy.
Daniel 917-365-1926 http://www.danielproperties4u.com
There are deals like that available these days. It also depends on what part of Brooklyn you are talking about. There are many neighborhoods in Brooklyn where you can get a monthly rent of $1500.00 for a one bedroom as well. However, in the areas that command the higher rents, you probably will have to pay more than $600K. There is high demand for rentals in most parts of Brooklyn now and in general as the population is always growing in our city.
With regard to the deposit, you would have to negotiate that with the seller and if you are taking a mortgage you need to get yourself pre-qualified at a bank to make sure you will get the loan. Loans like this are harder to get these days so you must do your homework. With regard to the management fee, you would have to shop around several management companies. (do a search on Google).
If I can be of further assistance, please let me know. Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783