3060 Ocean Ave APT 4DBrooklynNY11235
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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 3060 Ocean Ave APT 4D, Brooklyn, NY, 11235 uses $115,031 cash to close to unlock $614/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $2,368/mo, and a $1,698/mo payment keeps the spread at $51/mo. Purchase price stands at $347,000, and rental yield measures 8.19% with $2,368/mo rent. Return on cash invested shows 20.44% in year one, and 5% annual appreciation builds toward $95,870 over five years. Five-year ROI reaches 106.37% and total cumulative return in cash records $122,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,368/mo property income covering a $1,698/mo payment rather than investor’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
34,125
Single Family
9,107
Multi-Family
25,018
Businesses
2,017
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