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31 Elmwood Street, Portland, ME 04103

3 beds • 1 baths • 1269 sqft

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This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $97,440 initial cash invested.

-12.54%

Cash On Cash

3.79%

Cap Rate

$2,560

Rent

-$1,018

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,440

Downpayment

20%

$92,800

Closing costs

1%

$4,640

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,560

Total Expenses

$3,578

Mortgage P&I

92%

$2,356

Property Taxes

15%

$394

Home Insurance

6%

$162

PManagement

10%

$256

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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1

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3

1

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$2,950

3

1.5

1400

2.2 mi

862 Washington Ave, Portland, ME 04103

$3,350

3

2

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1.1 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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