741 Hancock St #1BrooklynNY11233
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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
Investment property for sale in Brooklyn at 741 Hancock St #1, Brooklyn, NY, 11233 uses $108,769 cash to close to unlock $31,975/yr annual cash flow and $2,665/mo monthly cash flow. Total monthly income runs $6,169/mo, and a $1,606/mo payment keeps the spread at $2,665/mo. Purchase price stands at $328,112, and rental yield measures 22.56% with $6,169/mo rent. Return on cash invested shows 49.31% in year one, and 5% annual appreciation builds toward $90,651 over five years. Five-year ROI reaches 266.39% and total cumulative return in cash records $289,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,169/mo property income covering a $1,606/mo payment rather than investor’s personal income.
Condo
Built in 2018
1,933 sqft lot
$N/A/sqft
No 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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