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1711 Hamer Dr NW, Cedar Rapids, IA 52405

3 beds • 3 baths • 2299 sqft

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This property looks like a bad Airbnb investment with a projected -6% first-year return on $78,207 initial cash invested.

-6%

Cash On Cash

5.06%

Cap Rate

0.82

DSCR

$2,956

Rent

-$391

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,956 income − $3,347 expenses = $391 out of pocket

Income$2,956Out of Pocket$391Mortgage P&I$1,48350%Property Taxes$34412%Insurance$1023%Management$44315%CapEx$1184%Maintenance$1184%Other$73925%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,207

Downpayment

20%

$57,340

Closing costs

1%

$2,867

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,956

Total Expenses

$3,347

Mortgage P&I

50%

$1,483

Property Taxes

12%

$344

Home Insurance

3%

$102

HOA

0%

$0

Property Management

15%

$443

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$739

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