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Long-Term Rental Analysis
82 Farnham Street, Portland, ME 04103
$399,995 • 3 beds • 1 baths • 1200 sqft
This property looks like a bad Long-Term investment with a projected -8.76% first-year return on $83,999 initial cash invested.
Cash On Cash
-8.76%
Cap Rate
4.96%
Rent
$2,750
Signal: Med.
Cashflow
-$613
Financing
Purchase Price $400k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $83,999
Downpayment $79,999
Closing costs $4,000
Rehab $0
Furnishing $0
Cashflow
Total Income $2,750
Total Expenses $3,363
Mortgage P&I $2,129
Property Taxes $378
Home Insurance $140
PManagement $275
CapEx $138
Vacancy $165
Maintenance $138
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 360 Main St, Apt 2 | $2500 | 3 | 1 | 1200 | 3.2 mi |
| 2 | 143 Lane Ave | $2850 | 3 | 1 | 960 | 0.3 mi |
| 3 | 10 Freeman St, Unit 1 | $2695 | 3 | 1 | 1200 | 4.2 mi |
| 4 | 22 Bailey Ave | $1750 | 3 | 1 | 0.4 mi | |
| 5 | 167 Woodford St, Apt 2 | $2175 | 3 | 1 | 1300 | 3.4 mi |
| 6 | 157 Wolcott St | $2800 | 3 | 1 | 1092 | 3.6 mi |
| 7 | 105 Mill Ln | $2850 | 3 | 1 | 1200 | 5.2 mi |
| 8 | 52 Roberts St | $2900 | 3 | 1 | 1255 | 4.8 mi |
| 9 | 593 Washington Ave, Unit 2 | $3200 | 3 | 1 | 1300 | 4.4 mi |
| 10 | 18 Seavey St, Unit 16-2 | $2410 | 3 | 1 | 1400 | 3.4 mi |
| 11 | 100 Bolton St | $2800 | 3 | 1.5 | 1200 | 4.3 mi |
| 12 | 10 Franklin St, # 1 | $2700 | 3 | 1 | 1265 | 5.1 mi |
| 13 | 21 Mayfield St | $2800 | 3 | 2 | 1300 | 1.6 mi |
| 14 | 21 Mayfield St, # 2 | $3000 | 3 | 2 | 1300 | 1.6 mi |
| 15 | 1056 Forest Avenue-1056 Forest Ave, Apt 1 | $2750 | 3 | 1 | 2.1 mi | |
| 16 | 700 Ocean Ave, Unit 2 | $2500 | 3 | 1 | 1000 | 3.8 mi |
| 17 | 105 Dartmouth-furnished St, Unit 1 | $3700 | 3 | 1 | 1400 | 4.2 mi |
| 18 | 10 White Birch Ln, Apt 10 | $3800 | 3 | 2 | 1400 | 1.8 mi |
| 19 | 105 Dartmouth St, Fl 2 | $2850 | 3 | 1 | 1500 | 4.2 mi |
| 20 | 28 Seavey St | $2700 | 3 | 1 | 3.4 mi | |
| 21 | 596 Washington Ave | $2995 | 3 | 1 | 1490 | 4.4 mi |
| 22 | 31 Frederic St, Apt 5 | $2348 | 3 | 1 | 1405 | 5.2 mi |
| 23 | 588 Ocean Ave | $1200 | 3 | 1 | 1600 | 3.7 mi |
| 24 | 187-189 Rochester St | $1600 | 3 | 1 | 3.7 mi | |
| 25 | 29 Frederic St, Unit A | $2750 | 3 | 1 | 1000 | 5.2 mi |