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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Brooklyn at 1811 Ocean Pkwy APT 2M, Brooklyn, NY, 11223 with 5% annual appreciation on a $379,000 basis while $5,054/mo rent supports operations. Total monthly income totals $5,054/mo and a $1,855/mo payment preserves $1,598/mo for cash returns. Annual cash flow comes to $19,177/yr on $125,639 deployed, and return on cash invested reaches 35.17% in year one. Equity gained on principal adds $2,446/yr, and five-year appreciation sums $104,711 alongside rental yield of 16%. Five-year ROI measures 188.57% and total cumulative return in cash totals $236,915.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,054/mo property income versus a $1,855/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in N/A
N/A lot
$N/A/sqft
$925 monthly HOA
Neighborhood data shown for ZIP Code: 11223, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,920 (100%) |
| Owner Occupied HU | 9,651 (30.2%) |
| Renter Occupied HU | 20,192 (63.3%) |
| Vacant Housing Units | 2,077 ( 6.5%) |
| Median Home Value | $1,073,206 |
| Average Home Value | $1,146,126 |
Residential
23,793
Single Family
11,075
Multi-Family
12,718
Businesses
2,108
Date | Event | Price |
|---|---|---|
| 2024-06-06 | Price change | $379,000 |
| 2024-05-08 | Price change | $399,000 |
| 2023-12-19 | Price change | $439,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Elky Brisman • Brisman Realty
Mls Name: BNYMLS
Mls Provider:
Mls ID: #477765
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
