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1634 24th St NW, Cedar Rapids, IA 52405

3 beds • 2 baths • 1657 sqft

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This property might be a fair Airbnb investment with a projected 5.55% first-year return on $66,615 initial cash invested.

5.55%

Cash On Cash

8.9%

Cap Rate

1.36

DSCR

$3,624

Rent

$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,615

Downpayment

20%

$46,300

Closing costs

1%

$2,315

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,624

Total Expenses

$3,316

Mortgage P&I

35%

$1,263

Property Taxes

6%

$231

Home Insurance

2%

$82

HOA

0%

$0

Property Management

15%

$544

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$906

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