1801 Ocean Ave FLOOR 5BrooklynNY11230
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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
Investment property for sale in Brooklyn at 1801 Ocean Ave FLOOR 5, Brooklyn, NY, 11230 uses $112,379 cash to close to unlock $8,609/yr annual cash flow and $717/mo monthly cash flow. Total monthly income runs $2,981/mo, and a $1,659/mo payment keeps the spread at $717/mo. Purchase price stands at $339,000, and rental yield measures 10.55% with $2,981/mo rent. Return on cash invested shows 27.57% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 144.58% and total cumulative return in cash records $162,472. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,981/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Condo
Built in 1962
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
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