Rented normally, you'd make about $290 a month.

That is thin: one empty month wipes out 9 months of that profit. The rent is our own estimate, not a signed tenancy. The problem is the gap between them is too small to absorb anything going wrong.

47 Springbrook Hill Drive #2A, Belfast, ME 04915 · 1,274 sqft · $216/sqft

3 BED CONDOListed 62d ago

$275,000

List price

Monthly profit

+$290/mo

Cash needed

$76K

+ refurb costs

Return after costs

2.1%

Cash return

4.6%

Solid

Rented normally at the asking price, this works with risks you can price in — 11.27% return before costs on price.

Why it works

Monthly profit +$290/mo from completion — the no.1 reason to invest
This is the money left after the mortgage, the running costs and tax — not the rent.It assumes the rent we modelled and the empty weeks we assumed. Change either and it moves. Try your own numbers →
11.27% return before costs — above-market
Rent over price, before any costs. Useful for comparing streets; it is not money you keep.Two properties on the same yield can leave you very different amounts. See what you keep →

Why to be cautious

No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.

Research, not financial advice · how we decide →

Ready to move on this deal?

Generates an offer pack with your numbers & sources — take it to the agent.

Listing seen …