2234 Ocean Ave #12FBrooklynNY11229
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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 #12F, Brooklyn, NY, 11229 uses $82,875 cash to close to unlock $290/yr annual cash flow and $24/mo monthly cash flow. Total monthly income runs $1,694/mo, and a $1,224/mo payment keeps the spread at $24/mo. Purchase price stands at $250,000, and rental yield measures 8.13% with $1,694/mo rent. Return on cash invested shows 20.26% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 105.41% and total cumulative return in cash records $87,358. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,694/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1927
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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