218 Washington Avenue #408PortlandME04101
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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 218 Washington Avenue #408, Portland, ME, 04101 listed at $539,000 pairs $3,190/mo rent with a $2,638/mo payment. Total monthly income runs $3,190/mo. Return on cash invested measures 18.63% in year one, and rental yield registers 7.1% at a $539,000 basis. Equity gained on principal adds $3,478/yr, and annual property appreciation at 5% supports $148,916 by year five. Five-year ROI tracks 96.12% and total cumulative return in cash totals $170,448. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,190/mo property income relative to a $2,638/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2023
N/A 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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