24 Plover Way UNIT 34, South Portland, ME, 04106 | 4.62% Rental Yield

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24 Plover Way UNIT 34, South Portland, ME, 04106 | 4.62% Rental Yield | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in South Portland at 24 Plover Way UNIT 34, South Portland, ME, 04106 at $744,900 posts ROI 8.85% with from $2,867/mo rent. Total monthly income equals $2,867/mo. Return on cash invested measures 8.85% and rental yield reads 4.62% at the current $744,900. Equity gained on principal adds $4,807/yr, and 5% annual appreciation supports $205,802 by year five. Five-year ROI prints 44.48% and total cumulative return in cash totals $108,996. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,867/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 2025

18 Acres lot

$N/A/sqft

$455 monthly HOA

More details about the property

Phase II now open! Reservations being taken for 2025 Occupancy. New Construction! Take it all in from a stunning vantage point within The Enclave at South Portland. These exclusive 55+ craftsman-designed homes are sited on 18+ wonderfully designed landscaped acres. This community of just 17 twin villas consisting of 34 homes offers 2 incredible floor plans. Unmatched quality details & craftsmanship with exceptional HERS & Energy Star features. The Coolidge, single-level living, and the Essex, two-level living, both with the primary ensuite bedroom on the 1st floor. The showstopper - Primary Ensuite will make you feel like your home is truly a staycation suite featuring an ensuite bathroom with a huge tiled shower and an immense walk-in closet. The home is filled with abundant light, 10' ceilings with large transom windows, hardwood flooring, and the highest quality woodwork. The driveway surfaces are stone pavers that show quality before entering the home. Allow your gatherings to overflow onto your well-landscaped patio area, connecting to nature & outdoor entertaining. Allowances for appliances and lighting are available. Energy Recovery Ventilation (ERV), solar ready & pre-wiring for two EV cars are just some of the energy efficiencies built into these homes. With the unique opportunity to select from various options and customization, you can create a new home that perfectly reflects your taste and style in this sought-after location close to shopping and dining and an overabundance of world-class recreation. Right here in the area you love. The community has a public gardening feature exclusively for homeowners. Furnished model in October; We can't wait to show it off to you! Photos shown are samples and have upgrades options within them.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04106, South Portland, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,146 (100%)
Owner Occupied HU	7,500 (57.1%)
Renter Occupied HU	5,002 (38.0%)
Vacant Housing Units	644 ( 4.9%)
Median Home Value	$478,306
Average Home Value	$555,106

Housing Distribution

Address Breakdown

Residential

12,561

Single Family

10,028

Multi-Family

2,533

Businesses

1,272

Price History

Date	Event	Price
2024-12-21	Listed for sale	$744,900

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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3 Bed
2 Bath
1776 sft

15 Lindale Avenue, Biddeford, ME, 04005

Investment Property+ 2 more

3 Bed
2 Bath
909 sft

134 W Grand Avenue, Old Orchard Beach, ME, 04064

Nearby investment properties with comparable prices

3 Bed
5 Bath
1518 sft

141 Tamrox Drive, Kennebunkport, ME, 04046

3 Bed
3 Bath
2070 sft

Lot 9 Rolling Woods Lane, Wells, ME, 04090

3 Bed
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1604 sft

160 Buttonbush Lane Lot 21, Wells, ME, 04090

4 Bed
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2770 sft

1529 Branch Road, Wells, ME, 04090

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2025
Architectural Style: Duplex,Townhouse
Building Area: 2,274
Living Area: 2,274 sqft
Property Condition: To Be Built

Features & Amenities

Heating: Forced Air
Cooling: Central Air
Flooring: N/A
Interior Features: Walk-In Closet(s), 1st Floor Primary Bedroom w/Bath, Attic, Bathtub, Shower, Storage
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Other, On Site, Paved, Garage Door Opener, Inside Entrance

Location

City: South Portland
State: ME
Subdivision: N/A
Lot Size: 18 Acres
Lot Features: Level, Landscaped, Abuts Conservation, Near Public Beach, Near Shopping, Near Town, Irrigation System
View: Trees/Woods

HOA & Fees

HOA Fee: $455 monthly
Association Fee: $455 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Quasi-Public
Water Source: Public
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Coldwell Banker Realty

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1611494

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

24 Plover Way UNIT 34,South Portland,ME,04106

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

24 Plover Way UNIT 34South PortlandME04106