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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 Tate Street UNIT 2, Portland, ME, 04102 priced at $545,000 converts $2,640/mo rent into after a $2,668/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 14.2% in year one, and rental yield reads 5.81% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 72.55% and total cumulative return in cash sums $130,080. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Townhouse
Built in 1994
4,356 sqft lot
$N/A/sqft
$900 annually 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 |
|---|---|---|
| 2016-09-02 | Sold | $296,000 |
| 2016-07-13 | Listed for sale | $269,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Town & Shore Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1606597
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
