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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 Airbnb investment with a projected -23.84% first-year return on $263k initial cash invested.

-23.84%

Cash On Cash

0.78%

Cap Rate

0.13

DSCR

$3,502

Rent

-$5,234

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

$263k

Downpayment

20%

$234k

Closing costs

1%

$11,690

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,502

Total Expenses

$8,736

Mortgage P&I

167%

$5,850

Property Taxes

23%

$796

Home Insurance

12%

$409

HOA

0%

$0

Property Management

15%

$525

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$876

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Comparable Property

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ADR

Beds

Baths

Distance

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3

2

0.55 mi

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1.5

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3

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3

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4

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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

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5

4

0.6 mi

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$1,100

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2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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