1021 Congress StreetPortlandME04102
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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
Investment Highlights
Investment property for sale in Portland at 1021 Congress Street, Portland, ME, 04102 uses $84,533 cash to close to unlock $15,633/yr annual cash flow and $1,303/mo monthly cash flow. Total monthly income runs $2,912/mo, and a $1,248/mo payment keeps the spread at $1,303/mo. Purchase price stands at $255,000, and rental yield measures 13.7% with $2,912/mo rent. Return on cash invested shows 38.4% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 202.18% and total cumulative return in cash records $170,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,912/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04102, Portland, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,306
Single Family
6,553
Multi-Family
1,753
Businesses
692
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