715 Ocean Pkwy APT 1G, Brooklyn, NY, 11230 | $773/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

715 Ocean Pkwy APT 1G, Brooklyn, NY, 11230 | $773/mo Cash Flow | Ziffy

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

5 Bed
3 Bath
2064 sft

6 Hermann St, Carteret, NJ, 07008

3 Bed
1 Bath
988 sft

232 Titus Ave, Staten Island, NY, 10306

2 Bed
2 Bath
1080 sft

258 Milton Ave, Staten Island, NY, 10306

7 Bed
5 Bath
2800 sft

534 81st St, Brooklyn, NY, 11236

Nearby investment properties with comparable prices

3 Bed
2 Bath
- sft

272 Egolf Drive, Rahway, NJ, 07065

2 Bed
1 Bath
1296 sft

254 Katan Ave #B, Staten Island, NY, 10308

2 Bed
1 Bath
1000 sft

2630 Cropsey Ave APT 8D, Brooklyn, NY, 11214

2 Bed
1 Bath
1000 sft

2652 Cropsey Ave APT 12K, Brooklyn, NY, 11214

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Brooklyn at 715 Ocean Pkwy APT 1G, Brooklyn, NY, 11230 uses $144,203 cash to close to unlock $9,279/yr annual cash flow and $773/mo monthly cash flow. Total monthly income runs $4,621/mo, and a $2,129/mo payment keeps the spread at $773/mo. Purchase price stands at $435,000, and rental yield measures 12.75% with $4,621/mo rent. Return on cash invested shows 26.34% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 140.85% and total cumulative return in cash records $203,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,621/mo property income covering a $2,129/mo payment rather than investor’s personal income.

Condo

Built in 1954

N/A lot

$N/A/sqft

$943 monthly HOA

More details about the property

Beautiful 2-Bedroom Apartment in a Prime Location! Spacious living room, eaten kitchen with window and 2 generously sized bedrooms provide ample space for rest and entertaining. A welcoming large foyer adds a touch of elegance to this apartment. Plenty of closet space throughout, dedicated superintendent and secure lobby ensure peace of mind. Convenient laundry facilities located within the building with additional storage and bike rooms available for a minor fee. Nice size courtyard for children's play and entertaining. Waiting list for parking. Waiting list for parking. Sublet is allowed after 3 years of residency.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11230, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	30,949 (100%)
Owner Occupied HU	8,697 (28.1%)
Renter Occupied HU	20,273 (65.5%)
Vacant Housing Units	1,979 ( 6.4%)
Median Home Value	$998,288
Average Home Value	$1,138,275