820 Ocean PkwyBrooklynNY11230
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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
Investment property for sale in Brooklyn at 820 Ocean Pkwy, Brooklyn, NY, 11230 uses $124,313 cash to close to unlock $8,571/yr annual cash flow and $714/mo monthly cash flow. Total monthly income runs $3,218/mo, and a $1,835/mo payment keeps the spread at $714/mo. Purchase price stands at $375,000, and rental yield measures 10.3% with $3,218/mo rent. Return on cash invested shows 26.8% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 140.48% and total cumulative return in cash records $174,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,218/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 1961
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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