227 Ocean Pkwy APT 7F, Brooklyn, NY, 11218 | 8.42% Rental Yield

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227 Ocean Pkwy APT 7F, Brooklyn, NY, 11218 | 8.42% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

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

Investment property for sale in Brooklyn at 227 Ocean Pkwy APT 7F, Brooklyn, NY, 11218 offers a 8.42% rental yield on a $260,000 purchase with $1,824/mo rent. 18% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 75.3% and total cumulative return in cash at $64,901. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,824/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1963

N/A lot

$N/A/sqft

$499 monthly HOA

More details about the property

Top-Floor Studio Coop in Prime Kensington Location Bright and spacious top-floor studio featuring a separate kitchen and bath, brand new hardwood floors, and three generous closets. Enjoy year-round comfort with a through-wall air conditioner and brand new windows offering north-facing exposure. Building amenities include: Updated lobby and elevator Low monthly maintenance Common laundry room Live-in superintendent Indoor parking (waitlist) Bike storage Additional building storage Located just steps from the F & G trains, express buses, Prospect Park, and a wide array of shops and services. Subletting permitted after two years for a period of one year. No flip tax. No dogs allowed. Photos have been virtually decluttered for presentation purposes. Priced to sell.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11218, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,624 (100%)
Owner Occupied HU	7,691 (27.8%)
Renter Occupied HU	17,935 (64.9%)
Vacant Housing Units	1,998 ( 7.2%)
Median Home Value	$1,054,643
Average Home Value	$1,154,933