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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 -29.14% first-year return on $406k initial cash invested.

-29.14%

Cash On Cash

-0.28%

Cap Rate

-0.05

DSCR

$2,532

Rent

-$9,859

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$2,532

Total Expenses

$12,391

Mortgage P&I

368%

$9,329

Property Taxes

47%

$1,184

Home Insurance

26%

$663

HOA

0%

$0

Property Management

15%

$380

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$633

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