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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 Portland at 31 Elmwood Street, Portland, ME, 04103 offers $3,703/mo rent that, after a $2,271/mo payment, leaves $775/mo cash flow. Total monthly income is $3,703/mo, and annual cash flow is $9,296/yr on $153,816 cash. Return on cash invested measures 25.95% in year one, and rental yield stands at 9.58% at a $464,000 entry. Equity gained on principal adds $2,994/yr while 5% annual appreciation compounds into $128,195 by year five. Five-year ROI records 135.42% and total cumulative return in cash reaches $208,293. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,703/mo property income versus a $2,271/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04103, Portland, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,823 (100%) |
| Owner Occupied HU | 8,387 (56.6%) |
| Renter Occupied HU | 5,673 (38.3%) |
| Vacant Housing Units | 763 ( 5.1%) |
| Median Home Value | $521,898 |
| Average Home Value | $606,743 |
Residential
14,059
Single Family
12,419
Multi-Family
1,640
Businesses
1,013
Date | Event | Price |
|---|---|---|
| 2025-03-15 | Listed for sale | $464,000 |
| 2021-12-09 | Listing removed | N/A |
| 2021-11-17 | Listed for rent | $2,495 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-18 | $4722.00 | 4.17% | $314,600 | N/A |
| 2023-03-18 | $4533.00 | 5.86% | $314,600 | N/A |
| 2022-03-18 | $4282.00 | 24.62% | $314,600 | 113.43% |
Listed by: N/A • EXP Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1616105
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
