1811 Ocean Pkwy APT 5E, Brooklyn, NY, 11223 | $1,800/mo Cash Flow

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1811 Ocean Pkwy APT 5E, Brooklyn, NY, 11223 | $1,800/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

Rental property for sale in Brooklyn at 1811 Ocean Pkwy APT 5E, Brooklyn, NY, 11223 priced at $359,000 converts $5,132/mo rent into $1,800/mo cash flow after a $1,757/mo obligation. Total monthly income equals $5,132/mo, and annual cash flow totals $21,597/yr on $119,009 invested. Return on cash invested prints 38.06% in year one, and rental yield reads 17.15% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 204.22% and total cumulative return in cash sums $243,043. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,132/mo property income covering a $1,757/mo payment, not borrower’s personal income.

Condo

Built in 1953

N/A lot

$N/A/sqft

$935 monthly HOA

More details about the property

Welcome to 1811 Ocean Parkway located on the corner of Avenue R on a quaint service road separated from the main road by a tree lined median. This spacious and sunny corner coop apartment is located on the 5th floor in an elevator bldg. At approximately 950 sq ft this lovely sun filled, bright apt features, 2 bedrooms, 1 full bath, a large living room, separate dining area, windowed kitchen and bath, stainless steel appliances, dishwasher, granite countertops, recessed lighting in living room. Oversized primary bedroom, excellent layout with plenty of closet space. This unit has 2 spacious bedrooms with two windows and plenty of closets. Building requires 20% down payment.. Monthly maintenance of 935.00 includes ALL utilities. There is an annual surcharge of $175 for air conditioning. No dogs or cats allowed. No sublets. Indoor garage parking on a waiting list. Live in super and porter. Bike room and storage available. The building features two renovated laundry rooms, two new elevators, storage, and common outdoor courtyard where you can lounge, security cameras. Prime location, conveniently located in close proximity to the B/Q/F trains, buses and Kings Highway. Near shopping, houses of worship, restaurants and transportation. If you are interested in a spacious coop apartment in a lovely Ocean Parkway building, 1811 Ocean Parkway could be your next home. PHOTOS ARE VIRTUALLY STAGED

Neighborhood Data

Neighborhood data shown for ZIP Code: 11223, Brooklyn, NY area.

Housing Distribution

Housing Statistics

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