260 Park Avenue #1, Portland, ME, 04102 | $785/mo Cash Flow

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260 Park Avenue #1, Portland, ME, 04102 | $785/mo Cash Flow | Ziffy

Pending

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 Portland at 260 Park Avenue #1, Portland, ME, 04102 offers a 10.39% rental yield on a $335,000 purchase with $2,900/mo rent. Total monthly income registers $2,900/mo, and a $1,640/mo payment leaves $785/mo available for distribution. Annual cash flow reaches $9,425/yr on $111,053 to close, and return on cash invested stands at 28.4% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 148.53% and total cumulative return in cash at $164,948. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,900/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

This simplistically charming condo is an excellent opportunity to live in a prime Portland location, offering convenient access to shopping, the city's best coffee shops, vibrant restaurants, and exciting sports entertainment. This charming 2-bedroom condo offers a layout that flows well for hosting, sunlight and creative spaces. It also boasts original hardwood floors and a large stained glass window that adds character and warmth. Additional perks include private off-street parking, making it an ideal choice for anyone seeking ease and convenience. Whether you're looking to make your first home purchase or invest in a promising property, this condo is a perfect start.

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