12 Northwood Drive UNIT 12PortlandME04103
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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
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
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
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Listed by: N/A • King + Miller Real Estate
Mls Name: Maine Listings
Mls Provider:
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