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304 Ray Street, Portland, ME 04103

3 beds • 1 baths • 840 sqft

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This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $90,279 initial cash invested.

-11.3%

Cash On Cash

4.46%

Cap Rate

$2,660

Rent

-$850

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$430k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,279

Downpayment

20%

$85,980

Closing costs

1%

$4,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,660

Total Expenses

$3,510

Mortgage P&I

87%

$2,314

Property Taxes

13%

$354

Home Insurance

6%

$150

PManagement

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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3

1

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1.7 mi

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4

2

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1.3 mi

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2

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0.9 mi

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$2,850

5

4

3030

0.6 mi

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2

1

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0.9 mi

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$2,850

5

4

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0.6 mi

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$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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