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1038 Ocean Avenue, Portland, ME 04103

3 beds • 2 baths • 1276 sqft

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This property looks like a bad Long-Term investment with a projected -9.05% first-year return on $105k initial cash invested.

-9.05%

Cash On Cash

4.52%

Cap Rate

0.75

DSCR

$3,140

Rent

-$790

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,140

Total Expenses

$3,930

Mortgage P&I

80%

$2,514

Property Taxes

14%

$425

Home Insurance

6%

$175

PManagement

10%

$314

CapEx

5%

$157

Vacancy

6%

$188

Maintenance

5%

$157

Other

0%

$0

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$2,850

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0.6 mi

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