16 Plover Way UNIT 26, South Portland, ME, 04106 | 4.1% Rental Yield

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16 Plover Way UNIT 26, South Portland, ME, 04106 | 4.1% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 16 Plover Way UNIT 26, South Portland, ME, 04106 generates $2,867/mo in rent, after a $4,106/mo payment. Total monthly income is $2,867/mo. Return on cash invested sits at 7.53% in year one, and rental yield is 4.1% on a $838,900 entry. Equity gained on principal adds $5,413/yr, while 5% annual appreciation builds toward $231,773 over five years. Five-year ROI reaches 37.29% and total cumulative return in cash sums $102,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,867/mo property income rather than buyer’s personal income.

Condo

Built in 2026

18 Acres lot

$N/A/sqft

$455 monthly HOA

More details about the property

Phase III now open. Phase II sold out. These exclusive 55+ craftsman-designed homes are sited on 18+ wonderfully designed landscaped acres. This community of just 17 twin villas consisting of 34 homes offers 2 incredible floor plans. Unmatched quality details & craftsmanship with exceptional HERS & Energy Star features. The Coolidge, single-level living, and the Essex, two-level living, both with the primary ensuite bedroom on the 1st floor. The showstopper - Primary Ensuite will make you feel like your home is truly a staycation suite featuring an ensuite bathroom with a huge tiled shower and an immense walk-in closet. The home is filled with abundant light, 10' ceilings with large transom windows, hardwood flooring, and the highest quality woodwork. The driveway surfaces are stone pavers that show quality before entering the home. Allow your gatherings to overflow onto your well-landscaped patio area, connecting to nature & outdoor entertaining. Allowances for appliances and lighting are available. Energy Recovery Ventilation (ERV), solar ready & pre-wiring for two EV cars are just some of the energy efficiencies built into these homes. With the unique opportunity to select from various options and customization, you can create a new home that perfectly reflects your taste and style in this sought-after location close to shopping and dining and an overabundance of world-class recreation. Right here in the area you love. The community has a public gardening feature exclusively for homeowners. Furnished model to come soon; we can't wait to show it off to you! Photos shown are a facsimile. GPS. 761 Main Street South Portland ME behind Kingwood Condominiums.

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

Housing Distribution

Address Breakdown

Residential

12,561

Single Family

10,028

Multi-Family

2,533

Businesses

1,272

Price History

Date	Event	Price
2025-04-14	Listed for sale	$838,900

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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3 Bed
2 Bath
1776 sft

15 Lindale Avenue, Biddeford, ME, 04005

2 Bed
2 Bath
1056 sft

34 Valley Road, Wells, ME, 04090

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2148 sft

197 Stewart Drive #0, Scarborough, ME, 04074

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16 Adena Way, Kennebunk, ME, 04043

3 Bed
2 Bath
2296 sft

12 Chipmunk Trail, Kennebunk, ME, 04043

8 Bed
4 Bath
4194 sft

17 Harding Street, Biddeford, ME, 04005

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2026
Architectural Style: Other
Building Area: 2,274
Living Area: 2,274 sqft
Property Condition: To Be Built

Features & Amenities

Heating: Forced Air
Cooling: Central Air
Flooring: Wood, Tile, Carpet
Interior Features: Walk-In Closet(s), 1st Floor Primary Bedroom w/Bath, Attic, Bathtub, Shower, Storage
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Other, On Site, Paved, Inside Entrance

Location

City: South Portland
State: ME
Subdivision: N/A
Lot Size: 18 Acres
Lot Features: Level, Abuts Conservation, Near Public Beach, Near Shopping, Near Town, Irrigation System
View: Trees/Woods

HOA & Fees

HOA Fee: $455 monthly
Association Fee: $455 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Quasi-Public
Water Source: Public
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Coldwell Banker Realty

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1618964

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

16 Plover Way UNIT 26,South Portland,ME,04106

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

16 Plover Way UNIT 26South PortlandME04106