642 E 89th StBrooklynNY11236
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 642 E 89th St, Brooklyn, NY, 11236 in Brooklyn worth modelling. At $679,999 with a 8.04% gross yield, the $3,000/mo rent leaves $17/mo after the $3,058/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 0.98 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $187,871 by year five; $6,263/yr in principal reduction adds further equity. Total projected return: $160,150.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 4.2% |
| Monthly Cash Flow | $17 | $2,850 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,000 |
| Total Monthly Debt Service | $4,270 |
| DSCR Ratio | 0.70x |
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.
Single Family
Built in 1935
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11236, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,656 (100%) |
| Owner Occupied HU | 14,596 (42.1%) |
| Renter Occupied HU | 18,459 (53.3%) |
| Vacant Housing Units | 1,601 ( 4.6%) |
| Median Home Value | $714,028 |
| Average Home Value | $730,006 |
Housing Distribution
Address Breakdown
Residential
24,470
Single Family
18,597
Multi-Family
5,873
Businesses
1,452
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
Single Family
Built in 1935
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11236, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,656 (100%) |
| Owner Occupied HU | 14,596 (42.1%) |
| Renter Occupied HU | 18,459 (53.3%) |
| Vacant Housing Units | 1,601 ( 4.6%) |
| Median Home Value | $714,028 |
| Average Home Value | $730,006 |
Housing Distribution
Address Breakdown
Residential
24,470
Single Family
18,597
Multi-Family
5,873
Businesses
1,452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices