138 Park Avenue #5, Portland, ME, 04101 | $202/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

138 Park Avenue #5, Portland, ME, 04101 | $202/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
875 sft

39 Smithwheel Road UNIT 54, Old Orchard Beach, ME, 04064

3 Bed
2 Bath
1152 sft

16 Rockland Drive, Old Orchard Beach, ME, 04064

Investment Property+ 1 more

1 Bed
1 Bath
560 sft

44 Jones Creek Drive, Scarborough, ME, 04074

3 Bed
2 Bath
1308 sft

757 Main Street #15, South Portland, ME, 04106

Nearby investment properties with comparable prices

2 Bed
2 Bath
1638 sft

245 Deerwood Street, Scarborough, ME, 04074

2 Bed
2 Bath
973 sft

125 Portland Avenue #24, Old Orchard Beach, ME, 04064

3 Bed
2 Bath
1036 sft

65 Dougherty Path #203, Portland, ME, 04102

3 Bed
1 Bath
792 sft

52 11th Street, Old Orchard Beach, ME, 04064

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Portland at 138 Park Avenue #5, Portland, ME, 04101 generates $2,253/mo in rent and, after a $1,591/mo payment, leaves $202/mo in cash flow. Total monthly income is $2,253/mo, and annual cash flow is $2,419/yr on $107,738 invested. Return on cash invested sits at 22.15% in year one, and rental yield is 8.32% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 115.05% and total cumulative return in cash sums $123,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,253/mo property income rather than buyer’s personal income.

Condo

Built in 1910

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

**OPEN HOUSE Saturday, November 1st, 3pm to 4pm** Charming 3 bedroom condominium in the heart of Portland. Walk to Deering Oaks Park, the Portland Museum of Art, Cross Arena, or Maine Medical Center. Moments away from Commercial Street or Back Cove. The entire unit has been recently painted and has newer kitchen appliances, as well as an upgraded bathroom, antique light fixtures and plenty of character. On street parking or rent a space in a nearby lot. Enjoy the best of Portland with no maintenance. This building has 6 units total, and this unit #5 is on the third floor. Visit today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04101, Portland, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,171 (100%)
Owner Occupied HU	2,282 (18.7%)
Renter Occupied HU	8,386 (68.9%)
Vacant Housing Units	1,503 (12.3%)
Median Home Value	$674,868
Average Home Value	$777,521