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597 Ridgewood Ave, Brooklyn, NY 11208

beds • baths • 2160 sqft • 2 units

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This property looks like a bad Airbnb investment with a projected -13.56% first-year return on $177k initial cash invested.

-13.56%

Cash On Cash

3.47%

Cap Rate

0.58

DSCR

$5,786

Rent

-$2,002

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,786 income − $7,788 expenses = $2,002 out of pocket

Income$5,786Out of Pocket$2,002Mortgage P&I$4,20973%Property Taxes$5089%Insurance$2955%Management$86815%CapEx$2314%Maintenance$2314%Other$1,44625%

Investment Breakdown

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Purchase Price

$843k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$177k

Downpayment

20%

$169k

Closing costs

1%

$8,434

Rehab

0%

$0

Furnishing

0%

$1

Cashflow

Total Income

$5,786

Total Expenses

$7,788

Mortgage P&I

73%

$4,209

Property Taxes

9%

$508

Home Insurance

5%

$295

HOA

0%

$0

Property Management

15%

$868

CapEx

4%

$231

Vacancy

0%

$0

Maintenance

4%

$231

Other

25%

$1,446

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