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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 South Portland at 148 Breakwater Drive #305, South Portland, ME, 04106 generates $2,902/mo in rent, after a $2,055/mo payment. Total monthly income is $2,902/mo. Return on cash invested sits at 16.99% in year one, and rental yield is 8.29% on a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 89.21% and total cumulative return in cash sums $124,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,902/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$591 monthly 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 |
|---|---|---|
| 2025-06-09 | Sold | $419,900 |
| 2025-05-09 | Pending sale | $419,900 |
| 2025-05-06 | Listed for sale | $419,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $3187.00 | N/A | $225,400 | N/A |
| 2023-10-15 | $3187.00 | 2.11% | $225,400 | 12.36% |
| 2022-10-15 | $3121.00 | 3.48% | $200,600 | 31.37% |
Listed by: N/A • Duston Leddy Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1621543
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
