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510 Avenue, Brooklyn, NY 11218

6 beds • 3 baths • 2800 sqft • 2 units

$1,425,000

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This property looks like a bad Airbnb investment with a projected -17.84% first-year return on $335k initial cash invested.

-17.84%

Cash On Cash

1.91%

Cap Rate

0.32

DSCR

$6,374

Rent

-$4,983

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,374 income − $11,357 expenses = $4,983 out of pocket

Income$6,374Out of Pocket$4,983Mortgage P&I$7,001110%Property Taxes$79713%Insurance$4998%Management$95615%CapEx$2554%Maintenance$2554%Other$1,59425%

Investment Breakdown

|

Purchase Price

$1425k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$335k

Downpayment

20%

$285k

Closing costs

1%

$14,250

Rehab

0%

$0

Furnishing

3%

$36,000

Cashflow

Total Income

$6,374

Total Expenses

$11,357

Mortgage P&I

110%

$7,001

Property Taxes

13%

$797

Home Insurance

8%

$499

HOA

0%

$0

Property Management

15%

$956

CapEx

4%

$255

Vacancy

0%

$0

Maintenance

4%

$255

Other

25%

$1,594

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