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321 Essex St, Brooklyn, NY 11208

3 beds • 2 baths • 1135 sqft

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This property looks like a bad Airbnb investment with a projected -15.19% first-year return on $163k initial cash invested.

-15.19%

Cash On Cash

2.53%

Cap Rate

0.43

DSCR

$3,214

Rent

-$2,068

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,214 income − $5,282 expenses = $2,068 out of pocket

Income$3,214Out of Pocket$2,068Mortgage P&I$3,401106%Property Taxes$923%Insurance$2458%Management$48215%CapEx$1294%Maintenance$1294%Other$80425%

Investment Breakdown

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Purchase Price

$692k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,923

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,214

Total Expenses

$5,282

Mortgage P&I

106%

$3,401

Property Taxes

3%

$92

Home Insurance

8%

$245

HOA

0%

$0

Property Management

15%

$482

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$804

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