1155 Ocean Ave APT 1C, Brooklyn, NY, 11230 | 7.19% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1155 Ocean Ave APT 1C, Brooklyn, NY, 11230 | 7.19% Rental Yield | 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

Total monthly income runs $3,886/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 7.19% with $3,886/mo rent. Return on cash invested shows 17.54% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 90.75% and total cumulative return in cash records $193,776. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,886/mo property income covering a $3,177/mo payment rather than investor’s personal income.

Condo

Built in 1931

N/A lot

$N/A/sqft

No HOA

More details about the property

This oversized corner two-bedroom home with four exposures perfectly blends pre-war character with modern comfort. A gracious foyer opens to a bright living area with multiple exposures and a large dining space that easily fits a full-sized table for holidays and dinner parties. The beautifully renovated, windowed eat-in kitchen offers generous counter space and a layout ideal for both cooking and entertaining. The tranquil primary bedroom accommodates a king-size bed and features multiple oversized closets for exceptional storage. The second bedroom fits a queen bed, dresser, and desk, and the updated, windowed bathroom is conveniently located between both bedrooms. Additional closets throughout the home add to the impressive storage capacity. Situated at the corner of the building, this residence enjoys peaceful southern and eastern views overlooking treetops and the charming Victorian homes of Ditmas Park. 1155 Ocean Avenue is a well-maintained elevator co-op with a live-in super, laundry room, and pet-friendly policy. Bike storage and indoor parking are available (currently waitlisted). Close to the B, Q, 2, and 5 trains for easy access to Manhattan, and surrounded by neighborhood favorites including Newkirk Plaza, Cortelyou Road, and the Flatbush Food Co-op. Come experience the space and charm of Ditmas Park living. **Please Note there is a monthly assessment of $209.41 until 11/26 for building an apartment for a full time Super

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