148 Breakwater Drive #501, South Portland, ME, 04106 | $231/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

148 Breakwater Drive #501, South Portland, ME, 04106 | $231/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1152 sft

13 Deer Isle Drive, Old Orchard Beach, ME, 04064

12 Bed
4 Bath
3648 sft

33 George Street, Biddeford, ME, 04005

10 Bed
4 Bath
4068 sft

73 Pool Street, Biddeford, ME, 04005

4 Bed
2 Bath
1443 sft

63 Wentworth Street, Biddeford, ME, 04005

Nearby investment properties with comparable prices

2 Bed
1 Bath
929 sft

30 Pine Haven Street, Saco, ME, 04072

2 Bed
1 Bath
1020 sft

77 County Road, Gorham, ME, 04038

3 Bed
2 Bath
1152 sft

13 Deer Isle Drive, Old Orchard Beach, ME, 04064

1 Bed
1 Bath
576 sft

22 Ocean Park Road UNIT 128, Saco, ME, 04072

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

Investment property for sale in South Portland at 148 Breakwater Drive #501, South Portland, ME, 04106 listed at $184,900 pairs $1,398/mo rent with a $905/mo payment to leave $231/mo cash flow. Total monthly income runs $1,398/mo, and annual cash flow reaches $2,773/yr on $61,294 cash to close. Return on cash invested measures 24.43% in year one, and rental yield registers 9.07% at a $184,900 basis. Equity gained on principal adds $1,193/yr, and annual property appreciation at 5% supports $51,084 by year five. Five-year ROI tracks 127.34% and total cumulative return in cash totals $78,055. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,398/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

This one-bedroom, one-bath condo is filled with natural light and offers endless possibilities. Bring your imagination and design the bathroom of your dreams while building equity in an established, well-managed association. A fantastic opportunity to customize your space and make it your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04106, South Portland, ME area.

Housing Distribution

Housing Statistics

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