After reviewing my NYC property's cashflow, I'm puzzled about how real estate investments are intended to generate profit

I inherited a paid million-dollar rental property in NYC. Its low net yield before tax questions how real estate profits outweigh risks, especially with mortgages. How do investors profit?

i think its not just the rent, its the long term apprecation and tax perks. even with a low yield, leverage and smart upgrades can fatten the returns over time, so investors are rough playing the waiting game.