1279 Herkimer StBrooklynNY11233
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
Investment property for sale in Brooklyn at 1279 Herkimer St, Brooklyn, NY, 11233 uses $325,674 cash to close to unlock $11,300/yr annual cash flow and $942/mo monthly cash flow. Total monthly income runs $7,552/mo, and a $4,845/mo payment keeps the spread at $942/mo. Purchase price stands at $989,890, and rental yield measures 9.15% with $7,552/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $273,488 over five years. Five-year ROI reaches 122.87% and total cumulative return in cash records $400,149. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,552/mo property income covering a $4,845/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
1,600 sqft 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
Listed by: Richard Dinerman • Peerless Properties Corp.
Mls Name: BNYMLS
Mls Provider:
Mls ID: #496042
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.