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Long-Term Rental Analysis
210 Summit Street, Portland, ME 04103
$420,000 • 3 beds • 1 baths • 1408 sqft
This property looks like a bad Long-Term investment with a projected -8.67% first-year return on $88,200 initial cash invested.
Cash On Cash
-8.67%
Cap Rate
4.97%
Rent
$2,850
Signal: High
Cashflow
-$637
Financing
Purchase Price $420k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $88,200
Downpayment $84,000
Closing costs $4,200
Rehab $0
Furnishing $0
Cashflow
Total Income $2,850
Total Expenses $3,487
Mortgage P&I $2,235
Property Taxes $365
Home Insurance $147
PManagement $285
CapEx $142
Vacancy $171
Maintenance $142
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 14 Just A Mere Rd | $4467 | 3 | 1 | 1400 | 4.1 mi |
| 2 | 596 Washington Ave | $2995 | 3 | 1 | 1490 | 4.1 mi |
| 3 | 10 White Birch Ln, Apt 10 | $3800 | 3 | 2 | 1400 | 1.9 mi |
| 4 | 588 Ocean Ave | $1200 | 3 | 1 | 1600 | 3.3 mi |
| 5 | 593 Washington Ave, Unit 2 | $3200 | 3 | 1 | 1300 | 4.1 mi |
| 6 | 105 Dartmouth-furnished St, Unit 1 | $3700 | 3 | 1 | 1400 | 5.3 mi |
| 7 | 167 Woodford St, Apt 2 | $2175 | 3 | 1 | 1300 | 4.7 mi |
| 8 | 105 Dartmouth St, Fl 2 | $2850 | 3 | 1 | 1500 | 5.3 mi |
| 9 | 22 Bailey Ave | $1750 | 3 | 1 | 2.5 mi | |
| 10 | 1056 Forest Avenue-1056 Forest Ave, Apt 1 | $2750 | 3 | 1 | 3.3 mi | |
| 11 | 21 Mayfield St | $2800 | 3 | 2 | 1300 | 3.1 mi |
| 12 | 21 Mayfield St, # 2 | $3000 | 3 | 2 | 1300 | 3.1 mi |
| 13 | 700 Ocean Ave, Unit 2 | $2500 | 3 | 1 | 1000 | 3.1 mi |
| 14 | 10 Freeman St, Unit 1 | $2695 | 3 | 1 | 1200 | 5.2 mi |
| 15 | 81 Depot Rd, # 1 | $3500 | 3 | 2 | 1433 | 4.3 mi |
| 16 | 14 Depot Rd, Apt 3 | $2800 | 3 | 2 | 1400 | 4.7 mi |
| 17 | 22 Hawthorne St, Unit 1 | $3200 | 3 | 1 | 4.1 mi | |
| 18 | 143 Lane Ave | $2850 | 3 | 1 | 960 | 3.1 mi |
| 19 | 14 Depot Rd, Apt 2 | $2800 | 3 | 2 | 1380 | 4.7 mi |
| 20 | 56 Chenery St | $3670 | 3 | 2 | 1494 | 4.4 mi |
| 21 | 17 Summit St, Unit 2 | $2150 | 2 | 1 | 1250 | 0.7 mi |
| 22 | 157 Wolcott St | $2800 | 3 | 1 | 1092 | 5.7 mi |
| 23 | 523 Washington Ave | $2995 | 3 | 1 | 925 | 4.3 mi |
| 24 | 100 Bolton St | $2800 | 3 | 1.5 | 1200 | 5.9 mi |
| 25 | 220 Veranda St | $4950 | 3 | 2 | 1697 | 4.1 mi |