1138 Ocean Ave APT 1BBrooklynNY11230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Brooklyn at 1138 Ocean Ave APT 1B, Brooklyn, NY, 11230 offers $7,649/mo rent that, after a $4,302/mo payment, leaves $581/mo cash flow. Total monthly income is $7,649/mo, and annual cash flow is $6,977/yr on $289,191 cash. Return on cash invested measures 22.47% in year one, and rental yield stands at 10.44% at a $879,000 entry. Equity gained on principal adds $5,672/yr while 5% annual appreciation compounds into $242,851 by year five. Five-year ROI records 119.01% and total cumulative return in cash reaches $344,166. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,649/mo property income versus a $4,302/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2011
N/A lot
$N/A/sqft
$1,198 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11230, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,949 (100%) |
| Owner Occupied HU | 8,697 (28.1%) |
| Renter Occupied HU | 20,273 (65.5%) |
| Vacant Housing Units | 1,979 ( 6.4%) |
| Median Home Value | $998,288 |
| Average Home Value | $1,138,275 |
Housing Distribution
Address Breakdown
Residential
30,459
Single Family
8,234
Multi-Family
22,225
Businesses
1,883
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices