1623 Hendrickson StBrooklynNY11234
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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 1623 Hendrickson St, Brooklyn, NY, 11234 generates $4,324/mo in rent, after a $5,624/mo payment. Total monthly income is $4,324/mo. Return on cash invested sits at 9.57% in year one, and rental yield is 4.52% on a $1,149,000 entry. Equity gained on principal adds $7,414/yr, while 5% annual appreciation builds toward $317,448 over five years. Five-year ROI reaches 47.98% and total cumulative return in cash sums $178,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,324/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11234, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,763 (100%) |
| Owner Occupied HU | 18,894 (57.7%) |
| Renter Occupied HU | 11,707 (35.7%) |
| Vacant Housing Units | 2,162 ( 6.6%) |
| Median Home Value | $761,967 |
| Average Home Value | $819,145 |
Housing Distribution
Address Breakdown
Residential
26,624
Single Family
22,963
Multi-Family
3,661
Businesses
1,770
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