1212 Ocean Ave APT 2ABrooklynNY11230
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 1212 Ocean Ave APT 2A, Brooklyn, NY, 11230 in Brooklyn worth modelling. At $350,000 with a 10.31% gross yield, the $3,007/mo rent leaves $66/mo after the $1,574/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.91 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $96,699 by year five; $3,224/yr in principal reduction adds further equity. Total projected return: $176,551.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 4.2% |
| Monthly Cash Flow | $66 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,007 |
| Total Monthly Debt Service | $2,198 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1925
N/A lot
$N/A/sqft
No 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
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
Condo
Built in 1925
N/A lot
$N/A/sqft
No 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