71 Ocean Pkwy APT 6NBrooklynNY11218
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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 71 Ocean Pkwy APT 6N, Brooklyn, NY, 11218 generates $3,892/mo in rent, after a $5,506/mo payment. Total monthly income is $3,892/mo. Return on cash invested sits at 8.45% in year one, and rental yield is 4.15% on a $1,125,000 entry. Equity gained on principal adds $7,259/yr, while 5% annual appreciation builds toward $310,817 over five years. Five-year ROI reaches 41.95% and total cumulative return in cash sums $152,924. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,892/mo property income rather than buyer’s personal income.
Condo
Built in 1936
N/A lot
$N/A/sqft
No 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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