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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 Portland at 1435 Forest Avenue, Portland, ME, 04103 offers $3,245/mo rent that, after a $3,059/mo payment. Total monthly income is $3,245/mo. Return on cash invested measures 15.98% in year one, and rental yield stands at 6.23% at a $625,000 entry. Equity gained on principal adds $4,033/yr while 5% annual appreciation compounds into $172,676 by year five. Five-year ROI records 81.9% and total cumulative return in cash reaches $168,409. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,245/mo property income versus a $3,059/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1923
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04103, Portland, ME area.
| 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 |
Residential
14,059
Single Family
12,419
Multi-Family
1,640
Businesses
1,013
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls ID: #1646140
