2265 Ocean Pkwy APT 5GBrooklynNY11223
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2265 Ocean Pkwy APT 5G, Brooklyn, NY, 11223 in Brooklyn carries a 1.50 coverage ratio, rent of $2,011/mo is 1.50 times the $1,344/mo payment. Rental yield 8.07%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $299,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $82,608; total projected cumulative return: $67,992.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 4.2% |
| Monthly Cash Flow | $(769) | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,011 |
| Total Monthly Debt Service | $2,661 |
| DSCR Ratio | 0.76x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1956
N/A lot
$N/A/sqft
$783 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
23,793
Single Family
11,075
Multi-Family
12,718
Businesses
2,108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1956
N/A lot
$N/A/sqft
$783 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
23,793
Single Family
11,075
Multi-Family
12,718
Businesses
2,108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices