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364 Island Avenue, Portland, ME 04108

3 beds • 2 baths • 1720 sqft

$1,169,000

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This property looks like a bad Long-Term investment with a projected -22.87% first-year return on $245k initial cash invested.

-22.87%

Cash On Cash

1.37%

Cap Rate

0.23

DSCR

$3,210

Rent

-$4,679

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1169k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$245k

Downpayment

20%

$234k

Closing costs

1%

$11,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,210

Total Expenses

$7,889

Mortgage P&I

182%

$5,850

Property Taxes

25%

$796

Home Insurance

13%

$409

HOA

0%

$0

Property Management

10%

$321

CapEx

5%

$160

Vacancy

6%

$193

Maintenance

5%

$160

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

220 Veranda St, Portland, ME 04103

$3,750

3

2

1697

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3

3

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3

2

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2.6 mi

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4

2

2.4 mi

104 W Rancho Del Cerro

$2,500

4

2

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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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