24 Shingle WayPortlandME04103
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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
Investment property for sale in Portland at 24 Shingle Way, Portland, ME, 04103 offers a 5.92% rental yield on a $789,000 purchase with $3,890/mo rent. 02% in year one. Equity gained on principal adds $5,091/yr while 5% annual appreciation supports $217,986 over five years. Portfolio math shows five-year ROI at 76.78% and total cumulative return in cash at $199,294. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,890/mo property income against a $3,862/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04103, Portland, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,059
Single Family
12,419
Multi-Family
1,640
Businesses
1,013
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