87 Hicks St APT ABrooklynNY11201
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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 87 Hicks St APT A, Brooklyn, NY, 11201 priced at $435,000 converts $2,617/mo rent into after a $2,129/mo obligation. Total monthly income equals $2,617/mo. Return on cash invested prints 17.51% in year one, and rental yield reads 7.22% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 90.66% and total cumulative return in cash sums $130,740. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,617/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,878 (100%) |
| Owner Occupied HU | 10,690 (27.5%) |
| Renter Occupied HU | 23,599 (60.7%) |
| Vacant Housing Units | 4,589 (11.8%) |
| Median Home Value | $1,369,636 |
| Average Home Value | $1,410,575 |
Housing Distribution
Address Breakdown
Residential
37,887
Single Family
2,025
Multi-Family
35,862
Businesses
3,130
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