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7 Hale Street, Portland, ME 04103

4 beds • 3 baths • 2835 sqft

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This property looks like a bad Airbnb investment with a projected -11.07% first-year return on $192k initial cash invested.

-11.07%

Cash On Cash

3.64%

Cap Rate

0.61

DSCR

$6,242

Rent

-$1,770

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$800k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$192k

Downpayment

20%

$160k

Closing costs

1%

$7,995

Rehab

0%

$0

Furnishing

3%

$24,000

Cashflow

Total Income

$6,242

Total Expenses

$8,012

Mortgage P&I

63%

$3,948

Property Taxes

13%

$788

Home Insurance

4%

$280

HOA

0%

$0

Property Management

15%

$936

CapEx

4%

$250

Vacancy

0%

$0

Maintenance

4%

$250

Other

25%

$1,560

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Comparable Property

Rent

ADR

Beds

Baths

Distance

3BR+ Balcony | Workspace | Parking | Near Downtown

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3

2

0.51 mi

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3

2.5

0.23 mi

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$12,445

$835

3

2.5

0.53 mi

The Inn on Ludlow Street

$5,410

$363

3

1.5

0.35 mi

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$2,500

$250

4

2

1.3 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

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

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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