12 Northwood Drive UNIT 12, Portland, ME, 04103 | 8.44% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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12 Northwood Drive UNIT 12, Portland, ME, 04103 | 8.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

Rental property for sale in Portland at 12 Northwood Drive UNIT 12, Portland, ME, 04103 generates $2,462/mo in rent, after a $1,713/mo payment. Total monthly income is $2,462/mo. Return on cash invested sits at 19.32% in year one, and rental yield is 8.44% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 101.04% and total cumulative return in cash sums $117,230. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,462/mo property income rather than buyer’s personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

$310 monthly HOA

More details about the property

A simultaneously serene and oh-so-convenient setting. The simplicity of single-level living. This adorable condo is certain to make you smile! Chatting, cooking & cheerful meals are a breeze with the dine-in kitchen's gas stove, stainless steel appliances, and built-in breakfast nook. You'll love lounging in the living room. The primary bedroom is a relaxing retreat, complete with double closets. An additional bedroom is a sweet spot for sleep or home office endeavors. A bathroom completes the main floor. Craving a craft room, art studio or home gym? The finished area in the basement is ready to serve, along with abundant space for storage and a washer & dryer (washer and dryer hook-up is on the first floor as well for truly 1 level living). Privacy, fresh air & al fresco meals are yours for the taking outside thanks to the deck, yard and end-unit position. A welcoming, well-maintained & walkable neighborhood is icing on the cake! Plowing, mowing & more will be a memory thanks to the Northwood Owners Association. Every amenity is within reach from this peaceful place, from Portland's trail system to groceries to delicious eats at Bruno's & Lib's. Need a ride? A bus stop is steps away. Downtown Portland's eclectic energy is a quick 2-mile dash in the car, and easy access to the highway & airport make travel a cinch. The good life is calling!

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

Housing Distribution

Address Breakdown

Residential

14,059

Single Family

12,419

Multi-Family

1,640

Businesses

1,013

Price History

Date	Event	Price
2025-04-14	Listed for sale	$350,000
2018-10-05	Sold	$204,500
2018-08-23	Listed for sale	$207,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1986
Architectural Style: Ranch
Building Area: 896
Living Area: 896 sqft
Property Condition: N/A

Features & Amenities

Heating: Hot Water, Baseboard
Cooling: None
Flooring: Vinyl, Tile
Interior Features: One-Floor Living
Exterior Features: N/A
Parking Features: Reserved Parking, 1 - 4 Spaces, Paved

Location

City: Portland
State: ME
Subdivision: N/A
Lot Size: N/A
Lot Features: Level, Wooded, Near Golf Course, Near Shopping, Neighborhood
View: N/A

HOA & Fees

HOA Fee: $310 monthly
Association Fee: $310 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • King + Miller Real Estate

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1619011

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

12 Northwood Drive UNIT 12,Portland,ME,04103

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

12 Northwood Drive UNIT 12PortlandME04103