2128 Ocean Ave #7CBrooklynNY11229
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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 2128 Ocean Ave #7C, Brooklyn, NY, 11229 offers $5,356/mo rent that, after a $3,230/mo payment, leaves $491/mo cash flow. Total monthly income is $5,356/mo, and annual cash flow is $5,892/yr on $217,140 cash. Return on cash invested measures 22.77% in year one, and rental yield stands at 9.74% at a $660,000 entry. Equity gained on principal adds $4,259/yr while 5% annual appreciation compounds into $182,346 by year five. Five-year ROI records 119.72% and total cumulative return in cash reaches $259,953. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,356/mo property income versus a $3,230/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2017
N/A lot
$N/A/sqft
$458 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 11229, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,898 (100%) |
| Owner Occupied HU | 13,087 (39.8%) |
| Renter Occupied HU | 17,854 (54.3%) |
| Vacant Housing Units | 1,957 ( 5.9%) |
| Median Home Value | $849,561 |
| Average Home Value | $904,894 |
Housing Distribution
Address Breakdown
Residential
28,358
Single Family
12,061
Multi-Family
16,297
Businesses
1,887
Price History
Date | Event | Price |
|---|---|---|
| 2024-07-15 | Listed for sale | $660,000 |
| 2024-07-11 | Listing removed | $709,000 |
| 2024-05-06 | Price change | $709,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $99,541 | 5.88% |
| 2022-08-13 | N/A | N/A | $94,010 | 12.58% |
| 2021-08-13 | N/A | N/A | $83,505 | -10.58% |
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Condo
- Year Built: 2017
- Architectural Style: N/A
- Building Area: 812
- Living Area: 812 sqft
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: Wall Unit(s)
- Flooring: Hardwood, Tile
- Interior Features: Elevator
- Exterior Features: N/A
- Parking Features: N/A
HOA & Fees
- HOA Fee: $458 monthly
- Association Fee: $458 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Natural Gas Connected, Heat, Septic, Sewer Connected, Sprinkler System, Water Connected, Other
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Victor Li • Amerihomes Realty of NY, Inc
Mls Name: BNYMLS
Mls Provider:
Mls ID: #467641
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.