360 Ocean Pkwy APT 5GBrooklynNY11218
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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 360 Ocean Pkwy APT 5G, Brooklyn, NY, 11218 priced at $343,000 pairs $3,000/mo rent with after a $1,679/mo payment. Total monthly income equals $3,000/mo. Return on cash invested is 17.94% in year one, and rental yield stands at 10.5% on a $343,000 basis. Equity gained on principal adds $2,213/yr, and 5% annual appreciation accumulates to $94,765 by year five. Five-year ROI measures 96.38% and total cumulative return in cash reaches $109,584. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $1,679/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1941
N/A lot
$N/A/sqft
$896 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11218, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,624 (100%) |
| Owner Occupied HU | 7,691 (27.8%) |
| Renter Occupied HU | 17,935 (64.9%) |
| Vacant Housing Units | 1,998 ( 7.2%) |
| Median Home Value | $1,054,643 |
| Average Home Value | $1,154,933 |
Housing Distribution
Address Breakdown
Residential
24,072
Single Family
6,875
Multi-Family
17,197
Businesses
1,595
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