1171 Ocean Pkwy APT 4C, Brooklyn, NY, 11230 | $87/mo Cash Flow

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1171 Ocean Pkwy APT 4C, Brooklyn, NY, 11230 | $87/mo Cash Flow | Ziffy

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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

Investment property for sale in Brooklyn at 1171 Ocean Pkwy APT 4C, Brooklyn, NY, 11230 uses $97,793 cash to close to unlock $1,043/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $2,704/mo, and a $1,444/mo payment keeps the spread at $87/mo. Purchase price stands at $295,000, and rental yield measures 11% with $2,704/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 112.08% and total cumulative return in cash records $109,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,704/mo property income covering a $1,444/mo payment rather than investor’s personal income.

Condo

Built in 1940

N/A lot

$N/A/sqft

$647 monthly HOA

More details about the property

ALL INQUIRIES VIA WEBSITE OR EMAIL ONLY, PLEASE Welcome home to 1171 Ocean Parkway unit 4C in the heart of Midwood. This quiet and impeccably kept turn-key one bedroom is an incredible deal with a very spacious layout featuring a large entrance foyer, sizable living room with enough space for a dining area, and a king size bedroom. Separate windowed galley kitchen features custom cabinetry with a pantry, stainless-steel appliances, including a dishwasher, and double-door refrigerator. Renovated windowed bathroom with a soaking tub, pedestal sink, and white subway tile finish. Other apartment features include beautiful hardwood floors, high ceilings with a ceiling fan in the bedroom, great closet space throughout, including two sizable closets and a built-in wall closet in the bedroom. Located on the historic tree-lined Ocean Parkway Greenway, 1171 Ocean Parkway is a pristinely maintained and professionally managed pre-war co-op building with Art Deco lobby, elevator, on-site superintendent, and enhanced security. Building amenities: voice intercom, FIOS/cable ready, laundry room, bike room and common storage room plus separate locked storage spaces available for a fee (waitlist). Subletting is allowed with the board approval and a fee after one year. Near many neighborhood restaurants and amenities on Coney Island Avenue, Avenue J and Avenue M, and the Q and F Subway lines in the vicinity.

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