2950 Ocean Ave APT C8, Brooklyn, NY, 11235 | $863/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2950 Ocean Ave APT C8, Brooklyn, NY, 11235 | $863/mo Cash Flow | Ziffy

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
- sft

41 Oakwood Dr, Parlin, NJ, 08859

2 Bed
1 Bath
- sft

45 Collins Street, Keansburg, NJ, 07734

5 Bed
3 Bath
2120 sft

196 Hudson Avenue, Middletown, NJ, 07748

3 Bed
3 Bath
- sft

306 Holly Dr, Perth Amboy, NJ, 08861

Nearby investment properties with comparable prices

1 Bed
1 Bath
- sft

98B White Street, Eatontown, NJ, 07724

1 Bed
1 Bath
- sft

172 Evergreen Rd APT 15B, Edison, NJ, 08837

1 Bed
1 Bath
- sft

18 Judson St APT 3A, Edison, NJ, 08837

1 Bed
1 Bath
750 sft

2569 W 2nd St APT 4C, Brooklyn, NY, 11223

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Brooklyn at 2950 Ocean Ave APT C8, Brooklyn, NY, 11235 uses $64,643 cash to close to unlock $10,359/yr annual cash flow and $863/mo monthly cash flow. Total monthly income runs $2,638/mo, and a $954/mo payment keeps the spread at $863/mo. Purchase price stands at $195,000, and rental yield measures 16.23% with $2,638/mo rent. Return on cash invested shows 35.93% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 192.65% and total cumulative return in cash records $124,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,638/mo property income covering a $954/mo payment rather than investor’s personal income.

Condo

Built in 1930

N/A lot

$N/A/sqft

$473 monthly HOA

More details about the property

Sheepshead Bay. Studio Co-op 475 SF, which includes a separate kitchen, has undergone renovations and is situated on the third floor of a brick building equipped with an elevator. All windows in the apartment face the backyard. The apartment provides a serene and expansive living environment. The apartment features spacious hardwood floors, ample closets, and exceptionally high ceilings that extend to an impressive 9 feet, providing ample room for comfortable living. The monthly maintenance fee, which includes heating and water, is a reasonable $472.03. The building amenities include a laundry room and a live-in security system that operates 24 hours a day. The apartment is conveniently situated two blocks from the Sheepshead Bay Q and B train station, as well as several bus routes, including the B4, B36, and B49. Subleases are permitted after two years. The apartment is within walking distance of several grocery stores, including Stop and Shop, Netcost Market, Petco, and Marshalls. RE Broker Oleg Salykine cell. 646-363-OLEG

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