2940 Ocean Ave APT D16, Brooklyn, NY, 11235 | $138/mo Cash Flow

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2940 Ocean Ave APT D16, Brooklyn, NY, 11235 | $138/mo Cash Flow | Ziffy

For Sale

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 2940 Ocean Ave APT D16, Brooklyn, NY, 11235 uses $92,489 cash to close to unlock $1,661/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $2,002/mo, and a $1,366/mo payment keeps the spread at $138/mo. Purchase price stands at $279,000, and rental yield measures 8.61% with $2,002/mo rent. Return on cash invested shows 21.71% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 113.15% and total cumulative return in cash records $104,647. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,002/mo property income covering a $1,366/mo payment rather than investor’s personal income.

Condo

Built in 1930

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover this beautifully updated top-floor, corner one-bedroom co-op n the heart of Sheepshead Bay, Brooklyn. Move-in ready and filled with natural light, this spacious home blends style, comfort, and convenience just minutes from the B &Q trains, local buses, and Manhattan Beach. Key Features: Spacious Layout: Top-floor corner unit with three large windows, high ceilings, and refinished hardwood floors that create an open, airy atmosphere with exceptional natural light. Eat-In kitchen: Windowed kitchen ideal for casual dining, morning coffee, or entertaining friends. Modern Bathroom: Fully updated with elegant new tilework, fixtures, and fresh finished. Ample Storage: Includes a generous walk-in closet and additional closets throughout the apartment. Building Amenities: Elevator building with on-side laundry and a 24/7 live-in superintendent providing convenience and peace of mind. Prime Location: Steps from shopping, cafes, restaurants, NetCost Market, and the scenic Canal Promenade, with beaches just minutes away. Flexible Sublease Policy: Subletting allowed after two years of ownership - an excellent opportunity for future rental investment. Enjoy living in a vibrant, walkable coastal neighborhood surrounded by everything you need-transit, shops, and the oceanfront lifestyle of southern Brooklyn.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11235, Brooklyn, NY area.

Housing Distribution

Housing Statistics

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