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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Brooklyn at 2805 Ocean Pkwy APT 2C, Brooklyn, NY, 11235 offers $4,277/mo rent that, after a $3,421/mo payment. Total monthly income is $4,277/mo. Return on cash invested measures 16.02% in year one, and rental yield stands at 7.34% at a $699,000 entry. Equity gained on principal adds $4,511/yr while 5% annual appreciation compounds into $193,121 by year five. Five-year ROI records 83.35% and total cumulative return in cash reaches $191,690. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,277/mo property income versus a $3,421/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$383 monthly HOA
Neighborhood data shown for ZIP Code: 11235, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,528 (100%) |
| Owner Occupied HU | 12,309 (34.6%) |
| Renter Occupied HU | 21,027 (59.2%) |
| Vacant Housing Units | 2,192 ( 6.2%) |
| Median Home Value | $818,168 |
| Average Home Value | $852,087 |
Residential
34,125
Single Family
9,107
Multi-Family
25,018
Businesses
2,017
Date | Event | Price |
|---|---|---|
| 2025-05-16 | Listed for sale | $699,000 |
| 2024-11-07 | Sold | $455,000 |
| 2024-10-22 | Pending sale | $489,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-17 | $7524.00 | N/A | $72,065 | 2.07% |
| 2023-05-17 | N/A | N/A | $70,602 | 8.20% |
| 2022-05-17 | N/A | N/A | $65,251 | 26.95% |
Listed by: Joseph Giordano • Coldwell Banker Reliable Real Estate
Mls Name: StreetEasy
Mls ID: #S1771735
