135 Ocean Pkwy APT 8SBrooklynNY11218
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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
Investment Highlights
Rental property for sale in Brooklyn at 135 Ocean Pkwy APT 8S, Brooklyn, NY, 11218 priced at $350,000 converts $8,436/mo rent into $5,305/mo cash flow after a $1,713/mo obligation. Total monthly income equals $8,436/mo, and annual cash flow totals $63,658/yr on $116,025 invested. Return on cash invested prints 74.77% in year one, and rental yield reads 28.92% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 400.67% and total cumulative return in cash sums $464,882. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,436/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$794 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11218, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,624 (100%) |
| Owner Occupied HU | 7,691 (27.8%) |
| Renter Occupied HU | 17,935 (64.9%) |
| Vacant Housing Units | 1,998 ( 7.2%) |
| Median Home Value | $1,054,643 |
| Average Home Value | $1,154,933 |
Housing Distribution
Address Breakdown
Residential
24,072
Single Family
6,875
Multi-Family
17,197
Businesses
1,595
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