








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Brooklyn at 589 Hicks St APT 3, Brooklyn, NY, 11231 generates $9,179/mo in rent and, after a $5,873/mo payment, leaves $834/mo in cash flow. Total monthly income is $9,179/mo, and annual cash flow is $10,008/yr on $388,800 invested. Return on cash invested sits at 22.94% in year one, and rental yield is 9.18% on a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 120.04% and total cumulative return in cash sums $466,715. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,179/mo property income rather than buyer’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
$332 monthly HOA
Neighborhood data shown for ZIP Code: 11231, Brooklyn, NY area.
| 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 |
Residential
15,312
Single Family
3,858
Multi-Family
11,454
Businesses
1,468
Date | Event | Price |
|---|---|---|
| 2024-06-12 | Listed for sale | $1,200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-11 | N/A | N/A | $206,928 | 1.75% |
| 2022-08-11 | N/A | N/A | $203,364 | 25.03% |
| 2021-08-11 | N/A | N/A | $162,648 | N/A |



Listed by: Daniel Craig - Licensed Associate Real Estate Broker • D'Andrea Craig Realty
Mls Name: StreetEasy
Mls ID: #1721929