10 Pine Ledge Terrace #10, Portland, ME, 04103 | $1,177/mo Cash Flow

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10 Pine Ledge Terrace #10, Portland, ME, 04103 | $1,177/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Portland at 10 Pine Ledge Terrace #10, Portland, ME, 04103 offers a 11.74% rental yield on a $339,000 purchase with $3,316/mo rent. Total monthly income registers $3,316/mo, and a $1,659/mo payment leaves $1,177/mo available for distribution. Annual cash flow reaches $14,121/yr on $112,379 to close, and return on cash invested stands at 32.47% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 170.39% and total cumulative return in cash at $191,476. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,316/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1984

2.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 10 Pine Ledge Terrace, a well-maintained townhouse condo offering comfort, convenience, and a sought-after Portland location. This freshly painted home features 2 spacious bedrooms, 1.5 baths, and a full basement that provides excellent storage or potential for future finishing. Inside, you'll find a bright and inviting layout, perfect for modern living. The open living and dining areas flow seamlessly, while the kitchen offers functionality and charm. Upstairs, two generously sized bedrooms and a full bath provide restful retreats. Enjoy the best of Portland right at your doorstepjust 5 minutes to the Old Port, where cobblestone streets are lined with award-winning restaurants, boutique shops, art galleries, and waterfront attractions. Explore nearby Back Cove Trail for scenic walking and biking, or take advantage of Portland's vibrant music, food, and craft beer scene. With low-maintenance living and easy access to I-295, beaches, and Maine's coastal beauty, this townhouse is an ideal home base in one of the state's most dynamic cities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04103, Portland, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,823 (100%)
Owner Occupied HU	8,387 (56.6%)
Renter Occupied HU	5,673 (38.3%)
Vacant Housing Units	763 ( 5.1%)
Median Home Value	$521,898
Average Home Value	$606,743