REI Lense- Airbnb
- Long-Term
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Long-Term Rental Analysis
13 Lassell Street, Portland, ME 04102
$549,000 • 3 beds • 2 baths • 1184 sqft
This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $115k initial cash invested.
Cash On Cash
-14.83%
Cap Rate
3.58%
Rent
$2,800
Signal: Med.
Cashflow
-$1,425
Financing
Purchase Price $549k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $115k
Downpayment $110k
Closing costs $5,490
Rehab $0
Furnishing $0
Cashflow
Total Income $2,800
Total Expenses $4,225
Mortgage P&I $2,922
Property Taxes $383
Home Insurance $192
PManagement $280
CapEx $140
Vacancy $168
Maintenance $140
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 100 Bolton St | $2800 | 3 | 1.5 | 1200 | 0.6 mi |
| 2 | 10 Freeman St, Unit 1 | $2695 | 3 | 1 | 1200 | 1.6 mi |
| 3 | 75 Roberts St | $2530 | 3 | 2 | 1.1 mi | |
| 4 | 52 Roberts St | $2900 | 3 | 1 | 1255 | 1.1 mi |
| 5 | 56 Chenery St | $3670 | 3 | 2 | 1494 | 2.1 mi |
| 6 | 157 Wolcott St | $2800 | 3 | 1 | 1092 | 1 mi |
| 7 | 17 Partridge Rd | $1400 | 3 | 2 | 1556 | 2 mi |
| 8 | 167 Woodford St, Apt 2 | $2175 | 3 | 1 | 1300 | 1.6 mi |
| 9 | 31 Frederic St, Apt 5 | $2348 | 3 | 1 | 1405 | 1 mi |
| 10 | 29 Frederic St, Unit A | $2750 | 3 | 1 | 1000 | 1 mi |
| 11 | 32 Concord St | $3050 | 3 | 2 | 1776 | 1.7 mi |
| 12 | 105 Dartmouth-furnished St, Unit 1 | $3700 | 3 | 1 | 1400 | 1.5 mi |
| 13 | 198 High St, Unit 11 | $3100 | 3 | 2 | 1736 | 2.4 mi |
| 14 | 180 Falmouth St, Unit 306 | $3750 | 2 | 2 | 1152 | 1.2 mi |
| 15 | 105 Dartmouth St, Fl 2 | $2850 | 3 | 1 | 1500 | 1.5 mi |
| 16 | 51 Frederic St, Unit 2 | $2895 | 3 | 1 | 1 mi | |
| 17 | 27 Frederic St, Unit A | $2500 | 3 | 1 | 1 mi | |
| 18 | 305 Deering Ave, # 1 | $2800 | 3 | 2 | 2100 | 1.3 mi |
| 19 | 1288 Westbrook St | $2800 | 3 | 1 | 1.5 mi | |
| 20 | 132 Marginal Way, Apt 456 | $3173 | 4 | 2 | 1168 | 2.5 mi |
| 21 | 107 Oakdale St | $3300 | 3 | 2 | 2300 | 1.5 mi |
| 22 | 236 High St | $1900 | 3 | 1 | 2.3 mi | |
| 23 | 132 Marginal Way, Apt 225 | $2654 | 2 | 2 | 1139 | 2.6 mi |
| 24 | 75 Chestnut St | $3400 | 2 | 2 | 1150 | 2.9 mi |
| 25 | 195 Pleasant Ave, # 195 | $4200 | 3 | 3 | 1700 | 1.8 mi |