2 Apple Ledge Drive #APortlandME04103
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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 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
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 |
Housing Distribution
Address Breakdown
Residential
14,059
Single Family
12,419
Multi-Family
1,640
Businesses
1,013
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