REI LenseREI Lense
  • Airbnb
  • Long-Term
  • Mid-Term
View on Zillow
Long-Term Rental Analysis
59 Highland Avenue, Portland, ME 04108
$729,900 • 2 beds • 2 baths • 1260 sqft

This property looks like a bad Long-Term investment with a projected -18.03% first-year return on $153k initial cash invested.

Cash On Cash
-18.03%
Cap Rate
2.86%
Rent
$3,150
Signal: Med.
Cashflow
-$2,303
Financing
Purchase Price  $730k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $153k
Downpayment  $146k
Closing costs  $7,299
Rehab  $0
Furnishing  $0
Cashflow
Total Income  $3,150
Total Expenses  $5,453
Mortgage P&I  $3,885
Property Taxes  $492
Home Insurance  $256
PManagement  $315
CapEx  $158
Vacancy  $189
Maintenance  $158
Other  $0
Google Maps with the subject property comparables is loading...
#Comparable PropertyRentBedsBathsSQFTDistance
114 Cleeve St, # 3$33502213005.4 mi
2340 Eastern Promenade, Apt 244$27502213175.3 mi
3185 Fore St, Apt 203$48152214005.1 mi
422 Hancock St, Unit 210$36002211155.1 mi
534 Congress St, Apt 1$38002215004.7 mi
675 Chestnut St$34002211505.9 mi
7340 Eastern Promenade, Apt 144$235021.513175.3 mi
8132 Marginal Way, Apt 225$26542211396.2 mi
914 Myrtle Ave, Apt 2$2500229504 mi
10340 Eastern Promenade, Apt 211$310021.513745.3 mi
112 Island Ave, Apt 3$3600211.4 mi
122 Island Ave, Apt 3$3600211.4 mi
133 Sherbrooke St$3200224.9 mi
1454 Evergreen Lndg$20003214001.1 mi
15278 Sawyer St$35002113424.9 mi
16410 Broadway, # 1$20002112005.7 mi
1750 Morning St, Apt 3$31502111004.6 mi
1814 Hammond Rd$13502111855.9 mi
1916 Mussey St, Apt 301$250021.510005.3 mi
2075 Chestnut St, Unit 507$3500229195.9 mi
21751 Congress St, Unit A$280021.514306.9 mi
22307 Preble St, Unit 2$45002110004.3 mi
23211 Chandlers Wharf$480022.55.4 mi
2429 Pleasant Ave, # 6$2100217000.8 mi
2529 Pleasant Ave, # 4$2550217000.8 mi