187 Congress StreetPortlandME04101
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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
Investment Highlights
Investment property for sale in Portland at 187 Congress Street, Portland, ME, 04101 at $585,000 posts ROI 20.13% with $11/mo cash flow from $3,703/mo rent. Total monthly income equals $3,703/mo, and annual cash flow records $135/yr on $192,465 to close. Return on cash invested measures 20.13% and rental yield reads 7.6% at the current $585,000. Equity gained on principal adds $3,775/yr, and 5% annual appreciation supports $161,625 by year five. Five-year ROI prints 104.18% and total cumulative return in cash totals $200,502.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,703/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1850
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04101, Portland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,171 (100%) |
| Owner Occupied HU | 2,282 (18.7%) |
| Renter Occupied HU | 8,386 (68.9%) |
| Vacant Housing Units | 1,503 (12.3%) |
| Median Home Value | $674,868 |
| Average Home Value | $777,521 |
Housing Distribution
Address Breakdown
Residential
11,405
Single Family
5,062
Multi-Family
6,343
Businesses
2,534
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