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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 23 Hanover Street, Portland, ME, 04101 offers $4,278/mo rent that, after a $5,139/mo payment. Total monthly income is $4,278/mo. Return on cash invested measures 12.09% in year one, and rental yield stands at 4.89% at a $1,050,000 entry. Equity gained on principal adds $6,775/yr while 5% annual appreciation compounds into $290,096 by year five. Five-year ROI records 60.96% and total cumulative return in cash reaches $207,389. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,278/mo property income versus a $5,139/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1915
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04101, Portland, ME area.
| 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 |
Residential
11,405
Single Family
5,062
Multi-Family
6,343
Businesses
2,534
Date | Event | Price |
|---|---|---|
| 2025-03-25 | Listed for sale | $1,050,000 |
| 2024-07-10 | Listing removed | N/A |
| 2024-05-24 | Listed for sale | $1,200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $8823.00 | 4.17% | $587,800 | N/A |
| 2023-04-16 | $8470.00 | 5.88% | $587,800 | N/A |
| 2022-04-16 | $8000.00 | 20.46% | $587,800 | 106.32% |
Listed by: N/A • Vitalius Real Estate Group, LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1617065
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
