32 Melbourne 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
Investment property for sale in Portland at 32 Melbourne Street, Portland, ME, 04101 with 5% annual appreciation on a $1,195,000 basis while $3,030/mo rent supports operations. 39% in year one. Equity gained on principal adds $7,711/yr, and five-year appreciation sums $330,156 alongside rental yield of 3.04%. Five-year ROI measures 30.4% and total cumulative return in cash totals $117,698. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,030/mo property income versus a $5,849/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
3,484 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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