589 Hicks St APT 1BrooklynNY11231
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 589 Hicks St APT 1, Brooklyn, NY, 11231 offers a 5.37% rental yield on a $1,690,000 purchase with $7,565/mo rent. 22% in year one. Equity gained on principal adds $10,905/yr while 5% annual appreciation supports $466,916 over five years. Portfolio math shows five-year ROI at 62.15% and total cumulative return in cash at $340,296. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,565/mo property income against a $8,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11231, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,446 (100%) |
| Owner Occupied HU | 4,101 (23.5%) |
| Renter Occupied HU | 12,031 (69.0%) |
| Vacant Housing Units | 1,314 ( 7.5%) |
| Median Home Value | $1,765,973 |
| Average Home Value | $1,624,888 |
Housing Distribution
Address Breakdown
Residential
15,312
Single Family
3,858
Multi-Family
11,454
Businesses
1,468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices