359 Herkimer StBrooklynNY11216
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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 359 Herkimer St, Brooklyn, NY, 11216 priced at $1,500,000 pairs $6,004/mo rent with after a $7,342/mo payment. Total monthly income equals $6,004/mo. Return on cash invested is 10.46% in year one, and rental yield stands at 4.8% on a $1,500,000 basis. Equity gained on principal adds $9,679/yr, and 5% annual appreciation accumulates to $414,422 by year five. Five-year ROI measures 52.73% and total cumulative return in cash reaches $256,283. For financing, Ziffy Mortgage’s DSCR program evaluates $6,004/mo property income against a $7,342/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1905
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11216, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,043 (100%) |
| Owner Occupied HU | 4,631 (15.9%) |
| Renter Occupied HU | 21,985 (75.7%) |
| Vacant Housing Units | 2,427 ( 8.4%) |
| Median Home Value | $1,536,344 |
| Average Home Value | $1,481,149 |
Housing Distribution
Address Breakdown
Residential
23,723
Single Family
5,049
Multi-Family
18,674
Businesses
1,431
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