3101 Ocean Pkwy APT 6TBrooklynNY11235
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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
Rental property for sale in Brooklyn at 3101 Ocean Pkwy APT 6T, Brooklyn, NY, 11235 priced at $265,000 converts $2,262/mo rent into after a $1,297/mo obligation. Total monthly income equals $2,262/mo. Return on cash invested prints 17.31% in year one, and rental yield reads 10.24% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 92.93% and total cumulative return in cash sums $81,639. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,262/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
$683 monthly 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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