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$2,550 (target)

344 28th Ave SW, Cedar Rapids, IA 52404

3 beds • 2 baths • 1356 sqft

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This property might be a fair Mid-Term investment with a projected 1.85% first-year return on $66,678 initial cash invested.

1.85%

Cash On Cash

7.51%

Cap Rate

1.16

DSCR

$2,550

Rent

$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,550 income − $2,447 expenses = $103 cash flow

Income$2,550Mortgage P&I$1,24549%Property Taxes$25210%Insurance$843%Management$30612%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%Cash Flow$103

Investment Breakdown

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Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,678

Downpayment

20%

$46,360

Closing costs

1%

$2,318

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,550

Total Expenses

$2,447

Mortgage P&I

49%

$1,245

Property Taxes

10%

$252

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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