Property Analysis for 30 Pleasant Cove Lane, Portland, ME 04109

Long-Term Rental Analysis

30 Pleasant Cove Lane, Portland, ME 04109

$1,790,000 • 4 beds • 4 baths • 2969 sqft

This property looks like a bad Long-Term investment with a projected -27.91% first-year return on $376k initial cash invested.

Cash On Cash

-27.91%

Cap Rate

0.23%

Rent

$3,360

Cashflow

-$8,744

Rent Confidence: High

Annual

$40,320

Median

$2,995

Avg

$2,976

Samples

Financing

Purchase Price $1790k

Downpayment 20.0%

Interest Rate 6.4%

Mortgage Duration 30yr.

Cash To Invest

Total $376k

Downpayment 20% $358k

Closing costs 1% $17,900

Rehab 0% $0

Furnishing 0% $0

Cashflow

Total Income $3,360

Total Expenses $12,104

Mortgage P&I 266% $8,924

Property Taxes 29% $985

Home Insurance 19% $626

HOA 21% $695

PManagement 10% $336

CapEx 5% $168

Vacancy 6% $202

Maintenance 5% $168

Other 0% $0

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

#	Comparable Property	Rent	Beds	Baths	SQFT	Distance
1	Woodbury St, South Portland, ME 04106	$5000	4	2.5	2500	4.1 mi
2	5 Pitt St, Falmouth, ME 04105	$4500	4	1	1700	3.3 mi
3	106 Brackett St, Portland, ME 04102	$3200	4	1.5	1408	4.5 mi
4	523 Washington Ave, # 523-2, Portland, ME 04103	$2688	3	1		3.4 mi
5	54 Evergreen Lndg, Portland, ME 04108	$2000	3	2	1400	1 mi
6	48 E St, South Portland, ME 04106	$3600	3	3	1428	4.6 mi
7	220 Veranda St, Portland, ME 04103	$3750	3	2	1697	3 mi
8	45 Cliff Ave, Unit Single, Cape Elizabeth, ME 04107	$3750	3	2	1640	4.2 mi
9	81 Depot Rd, # 1, Falmouth, ME 04105	$4000	3	2	1433	3.5 mi
10	56 Chenery St, Portland, ME 04103	$3670	3	2	1494	4.6 mi
11	14 Just A Mere Rd, Falmouth, ME 04105	$4000	3	1	1400	2.6 mi
12	67 Quebec St, Unit 2, Portland, ME 04101	$3125	2	2		3.2 mi
13	286 Pine St, South Portland, ME 04106	$2700	3	1.5	1438	4.2 mi
14	194 Cottage Rd, South Portland, ME 04106	$2600	3	1.5	1456	4.5 mi
15	68 Davis St, South Portland, ME 04106	$3300	3	1.5	1408	4.3 mi
16	24 Mountfort St, Apt 3, Portland, ME 04101	$5490	2	1		3.3 mi
17	529 Washington Ave, Apt 3, Portland, ME 04103	$2895	3	1	964	3.4 mi
18	523 Washington Ave, Portland, ME 04103	$2995	3	1	925	3.4 mi
19	185 Ray St, Portland, ME 04103	$2065	3	1	1100	4.4 mi
20	610 Congress St, Apt 3, Portland, ME 04101	$1400		1		4.3 mi
21	610 Congress St, Apt 4, Portland, ME 04101	$1500		1		4.3 mi
22	610 Congress St, Apt 5, Portland, ME 04101	$1500		1		4.3 mi
23	610 Congress St, Apt 6, Portland, ME 04101	$1400		1		4.3 mi
24	26 Deering St, Portland, ME 04101	$1650	1	1		4.4 mi
25	88 Brackett St, Portland, ME 04102	$1625	1	1		4.5 mi

Projections