29 Kellogg StreetPortlandME04101
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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 29 Kellogg Street, Portland, ME, 04101 generates $5,940/mo in rent, after a $5,359/mo payment. Total monthly income is $5,940/mo. Return on cash invested sits at 17.09% in year one, and rental yield is 6.51% on a $1,095,000 entry. Equity gained on principal adds $7,066/yr, while 5% annual appreciation builds toward $302,528 over five years. Five-year ROI reaches 87.78% and total cumulative return in cash sums $311,422. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,940/mo property income rather than buyer’s personal income.
Multi Family
Built in 1894
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04101, Portland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,171 (100%) |
| Owner Occupied HU | 2,282 (18.7%) |
| Renter Occupied HU | 8,386 (68.9%) |
| Vacant Housing Units | 1,503 (12.3%) |
| Median Home Value | $674,868 |
| Average Home Value | $777,521 |
Housing Distribution
Address Breakdown
Residential
11,405
Single Family
5,062
Multi-Family
6,343
Businesses
2,534
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