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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% |
Investment property for sale in South Portland at 245 Broadway #106, South Portland, ME, 04106 uses $71,273 cash to close to unlock $6,125/yr annual cash flow and $510/mo monthly cash flow. Total monthly income runs $2,402/mo, and a $1,052/mo payment keeps the spread at $510/mo. Purchase price stands at $215,000, and rental yield measures 13.41% with $2,402/mo rent. Return on cash invested shows 28.5% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 152.37% and total cumulative return in cash records $108,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,402/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$535 monthly HOA
Neighborhood data shown for ZIP Code: 04106, South Portland, ME area.
| 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 |
Residential
12,561
Single Family
10,028
Multi-Family
2,533
Businesses
1,272
Date | Event | Price |
|---|---|---|
| 2025-08-22 | Sold | $215,000 |
| 2025-07-15 | Pending sale | $230,000 |
| 2025-06-16 | Listed for sale | $230,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-28 | $2250.00 | N/A | $159,100 | N/A |
| 2023-10-28 | $2250.00 | 0.09% | $159,100 | 10.10% |
| 2022-10-28 | $2248.00 | 10.85% | $144,500 | 40.70% |
Listed by: N/A • Excellence Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1626870
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
