770 Ocean Pkwy APT 7ABrooklynNY11230
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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 770 Ocean Pkwy APT 7A, Brooklyn, NY, 11230 priced at $285,000 pairs $1,948/mo rent with $45/mo cash flow after a $1,395/mo payment. Total monthly income equals $1,948/mo, and annual cash flow comes to $537/yr on $94,478 invested. Return on cash invested is 20.48% in year one, and rental yield stands at 8.2% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 106.53% and total cumulative return in cash reaches $100,650. For financing, Ziffy Mortgage’s DSCR program evaluates $1,948/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
30,459
Single Family
8,234
Multi-Family
22,225
Businesses
1,883
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