Property Analysis for 147 Rowe Avenue, Portland, ME 04102

Long-Term Rental Analysis

147 Rowe Avenue, Portland, ME 04102

$475,000 • 4 beds • 1 baths • 1445 sqft

This property looks like a bad Long-Term investment with a projected -10.68% first-year return on $99,750 initial cash invested.

Cash On Cash

-10.68%

Cap Rate

4.51%

Rent

$2,922

Cashflow

-$888

Rent Confidence: High

Annual

$35,064

Median

$2,900

Avg

$2,912

Samples

Financing

Purchase Price $475k

Downpayment 20.0%

Interest Rate 7.0%

Mortgage Duration 30yr.

Cash To Invest

Total $99,750

Downpayment 20% $95,000

Closing costs 1% $4,750

Rehab 0% $0

Furnishing 0% $0

Cashflow

Total Income $2,922

Total Expenses $3,810

Mortgage P&I 87% $2,528

Property Taxes 12% $357

Home Insurance 6% $166

PManagement 10% $292

CapEx 5% $146

Vacancy 6% $175

Maintenance 5% $146

Other 0% $0

Google Maps with the subject property comparables is loading...

#	Comparable Property	Rent	Beds	Baths	SQFT	Distance
1	88 Hastings St	$2860	4	1	1376	1.3 mi
2	15 Seavey St	$3000	4	1	1400	2.6 mi
3	27 Belknap St	$3325	4	1.5	1732	2.1 mi
4	65 Haskell St	$2500	4	1		2.7 mi
5	240 Park Ave, # 1	$4000	4	2	1450	3.8 mi
6	81 Granite St, Apt 2	$3495	4	1	1900	3.5 mi
7	81 Granite St	$3495	4	1	1900	3.5 mi
8	81 Granite St, Apt 1	$3295	4	1	1900	3.5 mi
9	17 Arlington St, Unit 17	$3200	4	1.5	2000	3.1 mi
10	18 Seavey St, Unit 16-2	$2410	3	1	1400	2.6 mi
11	105 Dartmouth-furnished St, Unit 1	$3700	3	1	1400	3.3 mi
12	31 Frederic St, Apt 5	$2254	3	1	1405	3.4 mi
13	105 Dartmouth St, Fl 2	$2850	3	1	1500	3.3 mi
14	62 Macarthur Cir E	$1945		1		3.5 mi
15	183 Prospect Street Prospect St, Unit 183	$4000	4	2	2200	2.3 mi
16	221 Valley St, Unit 221	$2995	4	2		4 mi
17	17 Partridge Rd	$1400	3	2	1556	0.9 mi
18	157 Wolcott St	$2800	3	1	1092	1.4 mi
19	52 Roberts St	$2900	3	1	1255	3.4 mi
20	10 Franklin St, # 1	$2700	3	1	1265	3.7 mi
21	187-189 Rochester St	$1600	3	1		2.3 mi
22	219 Halidon St	$3500	3	1	1100	2.9 mi
23	1056 Forest Avenue-1056 Forest Ave, Apt 1	$2750	3	1		2.9 mi
24	62 Macarthur Cir E, # 81	$2954	3	2	1460	3.6 mi
25	62 Macarthur Cir E, # 57	$2865	3	2	1460	3.6 mi

Projections