2675 Ocean Ave APT 1BBrooklynNY11229
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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 2675 Ocean Ave APT 1B, Brooklyn, NY, 11229 listed at $347,750 pairs $4,553/mo rent with a $1,702/mo payment to leave $1,386/mo cash flow. Total monthly income runs $4,553/mo, and annual cash flow reaches $16,630/yr on $115,279 cash to close. Return on cash invested measures 34.34% in year one, and rental yield registers 15.71% at a $347,750 basis. Equity gained on principal adds $2,244/yr, and annual property appreciation at 5% supports $96,077 by year five. Five-year ROI tracks 184.02% and total cumulative return in cash totals $212,139. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,553/mo property income relative to a $1,702/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
$845 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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Listed by: Arik Tal • Good Way Properties, Corp.
Mls Name: BNYMLS
Mls Provider:
Mls ID: #483969
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.