2493 Ocean Ave #4ABrooklynNY11229
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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 2493 Ocean Ave #4A, Brooklyn, NY, 11229 uses $307,615 cash to close to unlock $3,643/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $7,126/mo, and a $4,576/mo payment keeps the spread at $304/mo. Purchase price stands at $935,000, and rental yield measures 9.15% with $7,126/mo rent. Return on cash invested shows 21.24% in year one, and 5% annual appreciation builds toward $258,323 over five years. Five-year ROI reaches 111.43% and total cumulative return in cash records $342,788. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,126/mo property income covering a $4,576/mo payment rather than investor’s personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
$579 monthly 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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