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$2,442 (target)

39 Wells Road, Bridgton, ME 04009

3 beds • 2 baths • 1666 sqft

$1,599,000

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This property looks like a bad Mid-Term investment with a projected -27% first-year return on $354k initial cash invested.

-27%

Cash On Cash

0.33%

Cap Rate

0.05

DSCR

$2,442

Rent

-$7,960

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,442 income − $10,402 expenses = $7,960 out of pocket

Income$2,442Out of Pocket$7,960Mortgage P&I$8,297340%Property Taxes$71429%Insurance$56023%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26911%

Investment Breakdown

|

Purchase Price

$1599k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$354k

Downpayment

20%

$320k

Closing costs

1%

$15,990

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,442

Total Expenses

$10,402

Mortgage P&I

340%

$8,297

Property Taxes

29%

$714

Home Insurance

23%

$560

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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