702 Hancock St #4BBrooklynNY11233
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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 702 Hancock St #4B, Brooklyn, NY, 11233 priced at $1,475,000 pairs $7,396/mo rent with after a $7,219/mo payment. Total monthly income equals $7,396/mo. Return on cash invested is 13.1% in year one, and rental yield stands at 6.02% on a $1,475,000 basis. Equity gained on principal adds $9,518/yr, and 5% annual appreciation accumulates to $407,515 by year five. Five-year ROI measures 67.3% and total cumulative return in cash reaches $321,622. For financing, Ziffy Mortgage’s DSCR program evaluates $7,396/mo property income against a $7,219/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2022
N/A lot
$N/A/sqft
$441 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11233, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,966 (100%) |
| Owner Occupied HU | 5,665 (17.7%) |
| Renter Occupied HU | 23,881 (74.7%) |
| Vacant Housing Units | 2,420 ( 7.6%) |
| Median Home Value | $1,118,129 |
| Average Home Value | $1,165,978 |
Housing Distribution
Address Breakdown
Residential
26,085
Single Family
8,407
Multi-Family
17,678
Businesses
941
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