379 Ocean Pkwy APT 2ABrooklynNY11218
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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 379 Ocean Pkwy APT 2A, Brooklyn, NY, 11218 offers $2,974/mo rent that, after a $1,953/mo payment, leaves $115/mo cash flow. Total monthly income is $2,974/mo, and annual cash flow is $1,385/yr on $132,269 cash. Return on cash invested measures 20.96% in year one, and rental yield stands at 8.94% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 109.75% and total cumulative return in cash reaches $145,166. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,974/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2023
N/A lot
$N/A/sqft
$194 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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