2 Apple Ledge Drive #A, Portland, ME, 04103 | $1,063/mo Cash Flow

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Price: $300K - 500K

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2 Apple Ledge Drive #A, Portland, ME, 04103 | $1,063/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

Investment property for sale in Portland at 2 Apple Ledge Drive #A, Portland, ME, 04103 at $363,000 posts ROI 30.51% with $1,063/mo cash flow from $3,354/mo rent. Total monthly income equals $3,354/mo, and annual cash flow records $12,753/yr on $120,335 to close. Return on cash invested measures 30.51% and rental yield reads 11.09% at the current $363,000. Equity gained on principal adds $2,342/yr, and 5% annual appreciation supports $100,290 by year five. Five-year ROI prints 159.84% and total cumulative return in cash totals $192,339.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,354/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 1989

N/A lot

$N/A/sqft

No HOA

More details about the property

This property is located in the very desirable North Deering area. It offers a beautiful and private side and back yard. The deck is a great place to unwind at the end of the day, or to begin. Large rooms! The 3rd floor loft is huge, and offers great opportunities. This home features 2 sizeable bedrooms with lots of closet space, a large living room which opens into the dining and kitchen. 2 parking spots just outside your door and a laundry room. Many updates in the full bath,with the flooring, new hot water tank, as well as the downstairs bath.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04103, Portland, ME area.

Housing Distribution

Housing Statistics

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