147 Pleasant Avenue #2, Portland, ME, 04103 | 6.18% Rental Yield

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147 Pleasant Avenue #2, Portland, ME, 04103 | 6.18% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

Total monthly income runs $2,034/mo, and a $1,933/mo payment. Purchase price stands at $395,000, and rental yield measures 6.18% with $2,034/mo rent. Return on cash invested shows 15.71% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 80.48% and total cumulative return in cash records $105,378. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,034/mo property income covering a $1,933/mo payment rather than investor’s personal income.

Condo

Built in 1871

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated one-bedroom, one-bathroom condo nestled in the heart of Deering Center, located just steps from beloved local shops, restaurants, parks, and schools. This bright and inviting first-floor unit combines classic charm with modern updates. The fully renovated galley-style kitchen features sleek finishes and efficient design with a stone counter, tile and stainless appliances. The bathroom boasts a tiled shower walk-in and radiant flooring. Enjoy the warmth and ambiance of a fireplace, new hardwood floors, and oversized windows that fill the space with natural light. 12 foot tall ceilings and detailed historical moldings add character throughout the open. As you enter, you walk into the open concept living and dining area, creating a perfect setting for relaxing or entertaining. Unit includes one off street parking spot, a shared laundry space on the second floor and basement storage. Ideal for first-time buyers, down-sizing, or anyone looking to enjoy a walkable, vibrant Portland neighborhood. This condo is a rare find in one of the city's most desirable communities. Join us at the open house: Thursday July 24th from 4:00-6:00pm or Saturday July 26th from 11:00am-1:00pm

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