$439,000
89 Pine St
Lewiston ME 04240
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Pro forma
30-year loanWhat you'd spend on interior finishes before renting — starts at zero, set your own number (our photo-based estimate is $62,000). Counted as upfront cash: it raises cash to close and is part of the cash-on-cash return.
The seller reports collecting $6,300/mo today. That is $900/mo below the $7,200/mo market read (13%). Our estimate and the board are priced on what it collects today, as a lender would; raising rents to market is the upside here. Model whichever you are underwriting.
Every number on this page assumes the home stays rented and nothing is set aside. That is deliberate, but it is not what most landlords spend. Standard investor assumptions (23% of rent, about $1,449/mo for management, vacancy, maintenance and CapEx) would put cash flow at $1,633/mo. Set your own below.
Expenses owners pay
On a multifamily building like this (6 units), the owner, not the tenant, pays the master-billed utilities. We've started water/sewer, trash and common electric at modest per-unit estimates — put in the building's real bills (the seller's expense sheet has them). Heat and caretaker start at $0 because metering varies; add yours if the owner pays. These are charged in full in the cash flow above.
The board's deal score doesn't model these bills, so this page's cash flow reads $402/mo lower than the card that brought you here — this is the truer number.
Monthly payment (PITI)
- Principal & interest$2,230
- Property tax$439
- Insurance$146
- Total payment$2,816/mo
Cash flow charges taxes, insurance, HOA, PMI, and $402/mo of owner-paid expenses in full. It assumes the home stays rented with nothing set aside for management, vacancy, maintenance or CapEx. Standard investor reserves (23% of rent, about $1,449/mo) would put cash flow at $1,633/mo.Cash-flow math charges taxes, insurance, HOA, PMI, and $402/mo of owner-paid expenses in full and holds nothing back from rent. Management, vacancy, maintenance and CapEx are yours to set above.
Cash you'd need to close (est.)
- Down payment (25.0%)$109,750
- Closing costs (~3%: title, lender, prepaid escrow)$13,170
- Reserves (2 months of payments)$5,632
- Total cash to close$128,552
An estimate — your lender's Loan Estimate is the real number. Doesn't include any repairs needed before renting.
Where it sits
89 Pine St in context — the streets, water and amenities around it.
Monthly payment
- Principal and interest
- $2,379
- Home insurance (estimate)
- $146
- HOA
- $0
Estimate only. The rate starts at the national 30 year average (Freddie Mac). Taxes come from the county rate on the listing; insurance is a typical amount for the area, not a quote.
Information deemed reliable but not guaranteed. DealBumble is not the listing brokerage. School ratings, flood data and tax records come from third parties. Status can lag the MLS by up to about 12 hours.
Comments
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