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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% |
Investment property for sale in South Portland at 148 Breakwater Drive UNIT 203, South Portland, ME, 04106 earns $177/mo cash flow from $2,426/mo rent with a $1,394/mo payment. Total monthly income totals $2,426/mo, and annual cash flow totals $2,129/yr on $94,444 capital. ROI tracks 22.16% on current figures, and rental yield reads 10.22% at a $284,900 purchase. Equity gained on principal adds $1,838/yr, and 5% annual appreciation supports $78,713 over five years. Five-year ROI reaches 117.2% and total cumulative return in cash sums $110,687. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,426/mo property income instead of your personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$451 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 |
|---|---|---|
| 2025-02-13 | Price change | $284,900 |
| 2025-01-29 | Price change | $294,900 |
| 2024-11-30 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-18 | $2336.00 | N/A | $165,200 | N/A |
| 2023-02-18 | $2336.00 | 1.83% | $165,200 | 12.08% |
| 2022-02-18 | $2294.00 | 3.61% | $147,400 | 31.49% |
Listed by: N/A • Linscott Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1610392
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
