36 Leeman Street #1PortlandME04103
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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 36 Leeman Street #1, Portland, ME, 04103 priced at $309,000 converts $2,968/mo rent into $1,018/mo cash flow after a $1,512/mo obligation. Total monthly income equals $2,968/mo, and annual cash flow totals $12,219/yr on $102,434 invested. Return on cash invested prints 31.84% in year one, and rental yield reads 11.53% against a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation compiles into $85,371 by year five. Five-year ROI reaches 167% and total cumulative return in cash sums $171,065. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,968/mo property income covering a $1,512/mo payment, not borrower’s personal income.
Condo
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04103, Portland, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,059
Single Family
12,419
Multi-Family
1,640
Businesses
1,013
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