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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% |
Rental property for sale in Portland at 21 Pine Street UNIT 2, Portland, ME, 04102 priced at $829,500 converts $3,781/mo rent into after a $4,060/mo obligation. Total monthly income equals $3,781/mo. Return on cash invested prints 11.91% in year one, and rental yield reads 5.47% against a $829,500 entry. Equity gained on principal adds $5,353/yr, while 5% annual appreciation compiles into $229,176 by year five. Five-year ROI reaches 60.69% and total cumulative return in cash sums $165,629. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,781/mo property income covering a $4,060/mo payment, not borrower’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
$400 monthly HOA
Neighborhood data shown for ZIP Code: 04102, Portland, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,286 (100%) |
| Owner Occupied HU | 4,132 (44.5%) |
| Renter Occupied HU | 4,524 (48.7%) |
| Vacant Housing Units | 630 ( 6.8%) |
| Median Home Value | $513,690 |
| Average Home Value | $613,319 |
Residential
8,306
Single Family
6,553
Multi-Family
1,753
Businesses
692
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Price change | $829,500 |
| 2025-04-05 | Listed for sale | $849,500 |
| 2014-12-09 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $5620.00 | 4.17% | $374,400 | N/A |
| 2023-04-16 | $5395.00 | 5.87% | $374,400 | N/A |
| 2022-04-16 | $5096.00 | -9.77% | $374,400 | 54.52% |
Listed by: N/A • Waypoint Brokers Collective
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1617115
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
