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234-11 38th Dr, Flushing, NY 11363

3 beds • 3 baths • 2400 sqft

$1,847,400

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This property looks like a bad Airbnb investment with a projected -31.34% first-year return on $406k initial cash invested.

-31.34%

Cash On Cash

-0.8%

Cap Rate

-0.13

DSCR

$1,103

Rent

-$10,602

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,103 income − $11,705 expenses = $10,602 out of pocket

Income$1,103Out of Pocket$10,602Mortgage P&I$9,329846%Property Taxes$1,184107%Insurance$66360%Management$16515%CapEx$444%Maintenance$444%Other$27625%

Investment Breakdown

|

Purchase Price

$1847k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$406k

Downpayment

20%

$369k

Closing costs

1%

$18,474

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$1,103

Total Expenses

$11,705

Mortgage P&I

846%

$9,329

Property Taxes

107%

$1,184

Home Insurance

60%

$663

HOA

0%

$0

Property Management

15%

$165

CapEx

4%

$44

Vacancy

0%

$0

Maintenance

4%

$44

Other

25%

$276

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