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43 Elbert Street, Portland, ME 04103

3 beds • 1 baths • 828 sqft

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This property looks like a bad Long-Term investment with a projected -10.38% first-year return on $83,790 initial cash invested.

-10.38%

Cash On Cash

4.66%

Cap Rate

$2,530

Rent

-$725

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,790

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,530

Total Expenses

$3,255

Mortgage P&I

85%

$2,147

Property Taxes

12%

$311

Home Insurance

6%

$140

PManagement

10%

$253

CapEx

5%

$126

Vacancy

6%

$152

Maintenance

5%

$126

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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$2,500

3

1

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3.1 mi

523 Washington Ave, Portland, ME 04103

$2,995

3

1

925

2.6 mi

529 Washington Ave, Apt 3, Portland, ME 04103

$2,495

3

1

964

2.6 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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