1250 Ocean Pkwy APT 4L, Brooklyn, NY, 11230 | $181/mo Cash Flow

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1250 Ocean Pkwy APT 4L, Brooklyn, NY, 11230 | $181/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 1250 Ocean Pkwy APT 4L, Brooklyn, NY, 11230 listed at $279,000 pairs $2,720/mo rent with a $1,366/mo payment to leave $181/mo cash flow. Total monthly income runs $2,720/mo, and annual cash flow reaches $2,177/yr on $92,489 cash to close. Return on cash invested measures 22.26% in year one, and rental yield registers 11.7% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 119.31% and total cumulative return in cash totals $110,347. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,720/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1956

N/A lot

$N/A/sqft

$675 monthly HOA

More details about the property

Welcome to the renowned neighborhood of Midwood, located in the south-central part of Brooklyn! This spacious one-bedroom coop apartment is situated on a quaint service road, separated from the main road by a tree-lined median, between Avenues L & M, with building entrances on Ocean Parkway and East 5th Street. This well-maintained building features a well-lit lobby, doorman, two laundry rooms, two libraries, and a picturesque common patio area. The building is 100% owner-occupied, as subletting is not allowed. Another no-no is pets. It is conveniently located by the F & Q trains, as well as the B9, B6, and B68 buses. Additionally, shopping is located within close proximity. Residents may opt for wait-listed garage parking or avail themselves to street parking, which is quite ample. Heat, gas, and water are included in the units strikingly-low maintenance charges of approximately $675. The unit features wood flooring, one walk-in closet and three standard-sized closets, plenty of kitchen cabinetry space, and a dining area with built-in shelves. The bedroom is generously-sized, able to fit a king-sized bed, dresser, television, bureau, and two nightstands. Both the dining area and bedroom have ceiling fans. The seller shall include two window air-conditioners.

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