61 Herbert St APT 3ABrooklynNY11222
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing61 Herbert St APT 3A, Brooklyn, NY, 11222 in Brooklyn is a stable, well-positioned rental at $625,000. Rental yield 6.82%. DSCR 1.26 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $172,676 in value and $5,756/yr in principal paydown builds equity, a total projected return of $198,238.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 4.2% |
| Monthly Cash Flow | $(1,034) | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,550 |
| Total Monthly Debt Service | $3,925 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11222, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,919 (100%) |
| Owner Occupied HU | 3,068 (12.8%) |
| Renter Occupied HU | 17,791 (74.4%) |
| Vacant Housing Units | 3,060 (12.8%) |
| Median Home Value | $1,554,790 |
| Average Home Value | $1,466,272 |
Housing Distribution
Address Breakdown
Residential
21,134
Single Family
3,188
Multi-Family
17,946
Businesses
2,681
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
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11222, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,919 (100%) |
| Owner Occupied HU | 3,068 (12.8%) |
| Renter Occupied HU | 17,791 (74.4%) |
| Vacant Housing Units | 3,060 (12.8%) |
| Median Home Value | $1,554,790 |
| Average Home Value | $1,466,272 |
Housing Distribution
Address Breakdown
Residential
21,134
Single Family
3,188
Multi-Family
17,946
Businesses
2,681
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices