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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 South Portland at 11 Latham Street, South Portland, ME, 04106 priced at $485,000 converts $4,515/mo rent into $1,454/mo cash flow after a $2,374/mo obligation. Total monthly income equals $4,515/mo, and annual cash flow totals $17,447/yr on $160,778 invested. Return on cash invested prints 30.76% in year one, and rental yield reads 11.17% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 161.19% and total cumulative return in cash sums $259,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,515/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 1925
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04106, South Portland, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,146 (100%) |
| Owner Occupied HU | 7,500 (57.1%) |
| Renter Occupied HU | 5,002 (38.0%) |
| Vacant Housing Units | 644 ( 4.9%) |
| Median Home Value | $478,306 |
| Average Home Value | $555,106 |
Residential
12,561
Single Family
10,028
Multi-Family
2,533
Businesses
1,272
Date | Event | Price |
|---|---|---|
| 2025-05-16 | Listed for sale | $485,000 |
| 2022-10-26 | Listing removed | N/A |
| 2022-10-16 | Listed for rent | $2,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-19 | $4021.00 | N/A | $284,400 | N/A |
| 2023-05-19 | $4021.00 | 4.25% | $284,400 | 14.72% |
| 2022-05-19 | $3857.00 | 12.61% | $247,900 | 42.96% |
Listed by: N/A • Signature Homes Real Estate Group, LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1622496
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
