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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 24 Bay View Drive, Portland, ME, 04103 generates $3,173/mo in rent, after a $3,487/mo payment. Total monthly income is $3,173/mo. Return on cash invested sits at 13.29% in year one, and rental yield is 5.34% on a $712,500 entry. Equity gained on principal adds $4,598/yr, while 5% annual appreciation builds toward $196,851 over five years. Five-year ROI reaches 67.45% and total cumulative return in cash sums $158,116. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,173/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04103, Portland, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,823 (100%) |
| Owner Occupied HU | 8,387 (56.6%) |
| Renter Occupied HU | 5,673 (38.3%) |
| Vacant Housing Units | 763 ( 5.1%) |
| Median Home Value | $521,898 |
| Average Home Value | $606,743 |
Residential
14,059
Single Family
12,419
Multi-Family
1,640
Businesses
1,013
Date | Event | Price |
|---|---|---|
| 2025-09-25 | Sold | $712,500 |
| 2025-09-03 | Pending sale | $679,000 |
| 2025-08-26 | Contingent | $679,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $7346.00 | 4.17% | $489,400 | N/A |
| 2023-10-22 | $7052.00 | 5.87% | $489,400 | N/A |
| 2022-10-22 | $6661.00 | 27.07% | $489,400 | 117.61% |
Listed by: N/A • RE/MAX By The Bay
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1635218
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
