130 Hicks St APT 1D, Brooklyn, NY, 11201 | $1,513/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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130 Hicks St APT 1D, Brooklyn, NY, 11201 | $1,513/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Brooklyn at 130 Hicks St APT 1D, Brooklyn, NY, 11201 priced at $337,500 pairs $4,751/mo rent with $1,513/mo cash flow after a $1,652/mo payment. Total monthly income equals $4,751/mo, and annual cash flow comes to $18,158/yr on $111,881 invested. Return on cash invested is 36.14% in year one, and rental yield stands at 16.89% on a $337,500 basis. Equity gained on principal adds $2,178/yr, and 5% annual appreciation accumulates to $93,245 by year five. Five-year ROI measures 194.37% and total cumulative return in cash reaches $217,465. For financing, Ziffy Mortgage’s DSCR program evaluates $4,751/mo property income against a $1,652/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1958

N/A lot

$N/A/sqft

$984 monthly HOA

More details about the property

Welcome to 130 Hicks Street # 1D, situated on the second floor, is a spacious and serene alcove studio located in the heart of Brooklyn Heights. This charming apartment offers bright eastern exposure through three large windows, providing picturesque views of a tree-lined block and historic brownstones. The L-shaped layout of this studio allows for flexible living arrangements, easily accommodating a living area, office, dining space, and a sleeping alcove. The unit features hardwood floors throughout, ample closet space, and a full tiled bath with a tub. This unit just needs your personal touch and TLC for it to reach its full potential. The building is well-maintained and includes a central laundry room, bike storage, and a recently updated lobby with an elevator. Pets are permitted. 130 Hicks Street boasts a prime location with convenient access to multiple subway lines, including the 2, 3, A, C, F, 4, 5, and R trains. The Brooklyn Promenade and Brooklyn Bridge Park are within easy reach, offering scenic outdoor spaces. Nearby amenities include Le French Tart Deli, supermarkets, restaurants and a farmer's market, among others. This apartment is an excellent opportunity to enjoy the vibrant and convenient lifestyle that Brooklyn Heights has to offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	38,878 (100%)
Owner Occupied HU	10,690 (27.5%)
Renter Occupied HU	23,599 (60.7%)
Vacant Housing Units	4,589 (11.8%)
Median Home Value	$1,369,636
Average Home Value	$1,410,575