23 Forest StPortlandME04102
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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
Rental property for sale in Portland at 23 Forest St, Portland, ME, 04102 offers $1,980/mo rent that, after a $2,142/mo payment. Total monthly income is $1,980/mo. Return on cash invested measures 13.44% in year one, and rental yield stands at 5.43% at a $437,600 entry. Equity gained on principal adds $2,824/yr while 5% annual appreciation compounds into $120,901 by year five. Five-year ROI records 68.34% and total cumulative return in cash reaches $99,133. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,980/mo property income versus a $2,142/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A 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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