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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% |
Investment property for sale in South Portland at 13 Ocean Street, South Portland, ME, 04106 with 5% annual appreciation on a $875,000 basis while $4,349/mo rent supports operations. 17% in year one. Equity gained on principal adds $5,646/yr, and five-year appreciation sums $241,746 alongside rental yield of 5.96%. Five-year ROI measures 77.55% and total cumulative return in cash totals $223,259. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,349/mo property income versus a $4,283/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
4,791 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 |
|---|---|---|
| 2025-07-01 | Price change | $875,000 |
| 2025-06-25 | Listed for sale | $985,000 |
| 2025-06-21 | Listing removed | $985,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-06 | $7658.00 | N/A | $541,600 | N/A |
| 2023-07-06 | $7658.00 | 8.04% | $541,600 | 18.90% |
| 2022-07-06 | $7088.00 | 3.01% | $455,500 | 30.74% |
Listed by: N/A • Pemberton Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1628159
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
