29 Parris Street #4, Portland, ME, 04101 | $121/mo Cash Flow

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29 Parris Street #4, Portland, ME, 04101 | $121/mo Cash Flow | Ziffy

For Sale

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 29 Parris Street #4, Portland, ME, 04101 offers a 8.22% rental yield on a $224,900 purchase with $1,541/mo rent. Total monthly income registers $1,541/mo, and a $1,101/mo payment leaves $121/mo available for distribution. Annual cash flow reaches $1,457/yr on $74,554 to close, and return on cash invested stands at 21.86% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 113.52% and total cumulative return in cash at $84,637. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,541/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1910

N/A lot

$N/A/sqft

No HOA

More details about the property

Cute and efficient Pied-a-terre in the heart of the city. With it's off-street parking, you can walk to all that Portland has to offer. Restaurants, Merrill Auditorium, Portland Museum of Art, the list can go on. Make this little condo your perfect destination for your getaways to Southern Maine.

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