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2919 38th Ave SW, Cedar Rapids, IA 52404

3 beds • 2 baths • 1216 sqft

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This property looks like a bad Airbnb investment with a projected -9.87% first-year return on $69,324 initial cash invested.

-9.87%

Cash On Cash

3.96%

Cap Rate

0.63

DSCR

$2,293

Rent

-$570

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,324

Downpayment

20%

$48,880

Closing costs

1%

$2,444

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,293

Total Expenses

$2,863

Mortgage P&I

56%

$1,284

Property Taxes

17%

$390

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$344

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$573

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