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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% |
Rental property for sale in South Portland at 31 Curtis Street, South Portland, ME, 04106 priced at $503,000 converts $2,980/mo rent into after a $2,462/mo obligation. Total monthly income equals $2,980/mo. Return on cash invested prints 18.65% in year one, and rental yield reads 7.11% against a $503,000 entry. Equity gained on principal adds $3,246/yr, while 5% annual appreciation compiles into $138,970 by year five. Five-year ROI reaches 96.23% and total cumulative return in cash sums $159,242. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,980/mo property income covering a $2,462/mo payment, not borrower’s personal income.
Single Family
Built in 1997
5,662 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-08-04 | Sold | $503,000 |
| 2025-07-19 | Pending sale | $489,000 |
| 2025-06-26 | Contingent | $489,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $4287.00 | N/A | $303,200 | N/A |
| 2023-10-23 | $4287.00 | 4.51% | $303,200 | 15.02% |
| 2022-10-23 | $4102.00 | 10.00% | $263,600 | 39.62% |
Listed by: N/A • Signature Homes Real Estate Group, LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1626333
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
