148 Breakwater Drive #804, South Portland, ME, 04106 | $611/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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148 Breakwater Drive #804, South Portland, ME, 04106 | $611/mo Cash Flow | 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

Rental property for sale in South Portland at 148 Breakwater Drive #804, South Portland, ME, 04106 generates $2,504/mo in rent and, after a $1,468/mo payment, leaves $611/mo in cash flow. Total monthly income is $2,504/mo, and annual cash flow is $7,332/yr on $99,450 invested. Return on cash invested sits at 27.28% in year one, and rental yield is 10.02% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 142.52% and total cumulative return in cash sums $141,732. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,504/mo property income rather than buyer’s personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience coastal living at its best in this top-floor 1-bedroom, 1-bath condo at the desirable Breakwater community. Overlooking Portland Harbor, this light-filled unit offers stunning water views and a peaceful atmosphere while keeping you close to everything you need. The open living and dining area leads to expansive harbor views, making the perfect backdrop for your morning coffee or quiet evenings at home. The kitchen offers efficient layout and storage, while the spacious bedroom provides comfortable retreat-like living. Residents of Breakwater enjoy 24 hour security, elevator access, on-site management, and beautifully maintained common areas. Reserved parking adds convenience, and the building's location is truly unmatched: steps to the marina, Willard Beach, the Greenway walking path, boutique shopping, dining, and only minutes into downtown Portland. Whether you're seeking a year-round home, a vacation retreat, or a low-maintenance coastal getaway, this condo offers the ideal blend of comfort, convenience, and waterfront lifestyle.

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