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2560 Lanai Ln, Greenwood, IN 46143

3 beds • 2 baths • 2862 sqft

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This property looks like a bad Airbnb investment with a projected -17.42% first-year return on $96,729 initial cash invested.

-17.42%

Cash On Cash

2.86%

Cap Rate

0.41

DSCR

$3,427

Rent

-$1,404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,427 income − $4,831 expenses = $1,404 out of pocket

Income$3,427Out of Pocket$1,404Mortgage P&I$2,16063%Property Taxes$79523%Insurance$1314%HOA$1003%Management$51415%CapEx$1374%Maintenance$1374%Other$85725%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,729

Downpayment

20%

$74,980

Closing costs

1%

$3,749

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,427

Total Expenses

$4,831

Mortgage P&I

63%

$2,160

Property Taxes

23%

$795

Home Insurance

4%

$131

HOA

3%

$100

Property Management

15%

$514

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$857

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