2234 Ocean Ave #12BrooklynNY11229
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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 2234 Ocean Ave #12, Brooklyn, NY, 11229 listed at $270,000 pairs $1,809/mo rent with a $1,322/mo payment to leave $6/mo cash flow. Total monthly income runs $1,809/mo, and annual cash flow reaches $66/yr on $89,505 cash to close. Return on cash invested measures 19.98% in year one, and rental yield registers 8.04% at a $270,000 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,596 by year five. Five-year ROI tracks 103.91% and total cumulative return in cash totals $93,001. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,809/mo property income relative to a $1,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
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
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