587 Kings Hwy APT 3BrooklynNY11223
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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 587 Kings Hwy APT 3, Brooklyn, NY, 11223 offers $7,525/mo rent that, after a $3,916/mo payment, leaves $2,182/mo cash flow. Total monthly income is $7,525/mo, and annual cash flow is $26,188/yr on $263,200 cash. Return on cash invested measures 30.01% in year one, and rental yield stands at 11.29% at a $799,999 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $221,025 by year five. Five-year ROI records 157.63% and total cumulative return in cash reaches $414,871. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,525/mo property income versus a $3,916/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11223, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,920 (100%) |
| Owner Occupied HU | 9,651 (30.2%) |
| Renter Occupied HU | 20,192 (63.3%) |
| Vacant Housing Units | 2,077 ( 6.5%) |
| Median Home Value | $1,073,206 |
| Average Home Value | $1,146,126 |
Housing Distribution
Address Breakdown
Residential
23,793
Single Family
11,075
Multi-Family
12,718
Businesses
2,108
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