32 Wolcott StreetPortlandME04102
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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 32 Wolcott Street, Portland, ME, 04102 priced at $519,000 converts $4,200/mo rent into $925/mo cash flow after a $2,540/mo obligation. Total monthly income equals $4,200/mo, and annual cash flow totals $11,097/yr on $170,751 invested. Return on cash invested prints 26.56% in year one, and rental yield reads 9.71% against a $519,000 entry. Equity gained on principal adds $3,349/yr, while 5% annual appreciation compiles into $143,390 by year five. Five-year ROI reaches 138.64% and total cumulative return in cash sums $236,721. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,200/mo property income covering a $2,540/mo payment, not borrower’s personal income.
Single Family
Built in 1935
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04102, Portland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,286 (100%) |
| Owner Occupied HU | 4,132 (44.5%) |
| Renter Occupied HU | 4,524 (48.7%) |
| Vacant Housing Units | 630 ( 6.8%) |
| Median Home Value | $513,690 |
| Average Home Value | $613,319 |
Housing Distribution
Address Breakdown
Residential
8,306
Single Family
6,553
Multi-Family
1,753
Businesses
692
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