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Long-Term Rental Analysis
17 E Cove Street, Portland, ME 04101
$499,000 • 2 beds • 1 baths • 755 sqft

This property looks like a bad Long-Term investment with a projected -18.17% first-year return on $105k initial cash invested.

Cash On Cash
-18.17%
Cap Rate
2.85%
Rent
$2,345
Cashflow
-$1,587
Rent Confidence:  High
Annual
$28,140
Median
$2,311
Avg
$2,343
Samples
25
Financing
Purchase Price  $499k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $105k
Downpayment  $99,800
Closing costs  $4,990
Rehab  $0
Furnishing  $0
Cashflow
Total Income  $2,345
Total Expenses  $3,932
Mortgage P&I  $2,656
Property Taxes  $492
Home Insurance  $175
PManagement  $234
CapEx  $117
Vacancy  $141
Maintenance  $117
Other  $0
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4188 Congress St, Apt 1$2400218000.6 mi
575 Chestnut St, Unit 301$3550217811 mi
6197 Congress St, Apt 2$2800218000.6 mi
7132 Marginal Way, Apt 112$2311216961 mi
8132 Marginal Way, Apt 431$2494216961 mi
933 Howard St, Apt 1$2450218500.5 mi
10132 Marginal Way, Apt 118$2005216961 mi
1165 Johansen St$2400217201.7 mi
12132 Marginal Way, Apt 401$2343216861 mi
13132 Marginal Way, Apt 427$2683216681 mi
14132 Marginal Way, Apt 103$2245216681 mi
15132 Marginal Way, Apt 446$2304216681 mi
16234 Eastern Promenade$2600216460.6 mi
17132 Marginal Way, Apt 439$2272216681 mi
18132 Marginal Way, Apt 135$2550216681 mi
19132 Marginal Way, Apt 453$2222216681 mi
20132 Marginal Way, Apt 448$2214216681 mi
21132 Marginal Way, Apt 445$2219216681 mi
22100 Forest Park, # F4$1777217001.8 mi
23100 Forest Park, # 2$1740217001.8 mi
24100 Forest Park, # F3$1960217001.8 mi
25100 Forest Park, # F1$1633217001.8 mi