22 Tate Street #3CPortlandME04102
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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 22 Tate Street #3C, Portland, ME, 04102 earns $427/mo cash flow from $2,882/mo rent with a $1,904/mo payment. Total monthly income totals $2,882/mo, and annual cash flow totals $5,123/yr on $128,954 capital. ROI tracks 23.88% on current figures, and rental yield reads 8.89% at a $389,000 purchase. Equity gained on principal adds $2,510/yr, and 5% annual appreciation supports $107,474 over five years. Five-year ROI reaches 124.29% and total cumulative return in cash sums $160,278. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,882/mo property income instead of your personal income.
Condo
Built in 2016
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04102, Portland, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,306
Single Family
6,553
Multi-Family
1,753
Businesses
692
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