Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Portland at 1 Joy Place UNIT 2B, Portland, ME, 04102 offers $2,801/mo rent that, after a $1,933/mo payment. Total monthly income is $2,801/mo. Return on cash invested measures 19.76% in year one, and rental yield stands at 8.51% at a $395,000 entry. Equity gained on principal adds $2,549/yr while 5% annual appreciation compounds into $109,131 by year five. Five-year ROI records 103.29% and total cumulative return in cash reaches $135,246. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,801/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2019
4,356 sqft lot
$N/A/sqft
$325 monthly HOA
Neighborhood data shown for ZIP Code: 04102, Portland, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,286 (100%) |
| Owner Occupied HU | 4,132 (44.5%) |
| Renter Occupied HU | 4,524 (48.7%) |
| Vacant Housing Units | 630 ( 6.8%) |
| Median Home Value | $513,690 |
| Average Home Value | $613,319 |
Residential
8,306
Single Family
6,553
Multi-Family
1,753
Businesses
692
Date | Event | Price |
|---|---|---|
| 2024-10-04 | Price change | $395,000 |
| 2024-08-31 | Listed for sale | $429,000 |
| 2019-03-01 | Sold | $255,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-14 | $3924.00 | -9.54% | $288,300 | 54.92% |
| 2020-10-14 | $4338.00 | N/A | $186,100 | N/A |
| 2019-10-14 | $4338.00 | N/A | $186,100 | N/A |
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1602295
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
