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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 Portland at 19 Ocean Avenue UNIT 3, Portland, ME, 04103 listed at $565,000 pairs $3,925/mo rent with a $2,765/mo payment to leave $65/mo cash flow. Total monthly income runs $3,925/mo, and annual cash flow reaches $775/yr on $185,885 cash to close. Return on cash invested measures 20.48% in year one, and rental yield registers 8.34% at a $565,000 basis. Equity gained on principal adds $3,646/yr, and annual property appreciation at 5% supports $156,099 by year five. Five-year ROI tracks 106.71% and total cumulative return in cash totals $198,363. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,925/mo property income relative to a $2,765/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
9,583 sqft lot
$N/A/sqft
$295 monthly HOA
Neighborhood data shown for ZIP Code: 04103, Portland, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,823 (100%) |
| Owner Occupied HU | 8,387 (56.6%) |
| Renter Occupied HU | 5,673 (38.3%) |
| Vacant Housing Units | 763 ( 5.1%) |
| Median Home Value | $521,898 |
| Average Home Value | $606,743 |
Residential
14,059
Single Family
12,419
Multi-Family
1,640
Businesses
1,013
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Listed for sale | $565,000 |
| 2021-12-01 | Sold | $450,000 |
| 2021-10-30 | Contingent | $435,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-14 | $5146.00 | -22.49% | $378,100 | 32.76% |
| 2020-10-14 | $6639.00 | N/A | $284,800 | N/A |
| 2019-10-14 | $6639.00 | N/A | $284,800 | N/A |
Listed by: N/A • RE/MAX Oceanside
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1606361
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
