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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 -28.79% first-year return on $406k initial cash invested.

-28.79%

Cash On Cash

-0.19%

Cap Rate

-0.03

DSCR

$2,761

Rent

-$9,739

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,761 income − $12,500 expenses = $9,739 out of pocket

Income$2,761Out of Pocket$9,739Mortgage P&I$9,329338%Property Taxes$1,18443%Insurance$66324%Management$41415%CapEx$1104%Maintenance$1104%Other$69025%

Investment Breakdown

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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

$2,761

Total Expenses

$12,500

Mortgage P&I

338%

$9,329

Property Taxes

43%

$1,184

Home Insurance

24%

$663

HOA

0%

$0

Property Management

15%

$414

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$690

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