26 Thomas Street #2PortlandME04102
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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
Rental property for sale in Portland at 26 Thomas Street #2, Portland, ME, 04102 priced at $549,000 pairs $2,921/mo rent with after a $2,687/mo payment. Total monthly income equals $2,921/mo. Return on cash invested is 16.45% in year one, and rental yield stands at 6.38% on a $549,000 basis. Equity gained on principal adds $3,543/yr, and 5% annual appreciation accumulates to $151,679 by year five. Five-year ROI measures 84.43% and total cumulative return in cash reaches $152,492. For financing, Ziffy Mortgage’s DSCR program evaluates $2,921/mo property income against a $2,687/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1900
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04102, Portland, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,306
Single Family
6,553
Multi-Family
1,753
Businesses
692
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