1124 Herkimer St #1BrooklynNY11233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1124 Herkimer St #1, Brooklyn, NY, 11233 generates $7,704/mo in rent, after a $6,608/mo payment. Total monthly income is $7,704/mo. Return on cash invested sits at 16.77% in year one, and rental yield is 6.85% on a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 86.58% and total cumulative return in cash sums $378,713. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,704/mo property income rather than buyer’s personal income.
Multi Family
Built in 1899
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11233, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,966 (100%) |
| Owner Occupied HU | 5,665 (17.7%) |
| Renter Occupied HU | 23,881 (74.7%) |
| Vacant Housing Units | 2,420 ( 7.6%) |
| Median Home Value | $1,118,129 |
| Average Home Value | $1,165,978 |
Housing Distribution
Address Breakdown
Residential
26,085
Single Family
8,407
Multi-Family
17,678
Businesses
941
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices