37 Pleasant Street UNIT 2, Portland, ME, 04101 | 6.18% Rental Yield

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37 Pleasant Street UNIT 2, Portland, ME, 04101 | 6.18% Rental Yield | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Portland at 37 Pleasant Street UNIT 2, Portland, ME, 04101 priced at $480,000 pairs $2,471/mo rent with after a $2,349/mo payment. Total monthly income equals $2,471/mo. Return on cash invested is 14.19% in year one, and rental yield stands at 6.18% on a $480,000 basis. Equity gained on principal adds $3,097/yr, and 5% annual appreciation accumulates to $132,615 by year five. Five-year ROI measures 72.88% and total cumulative return in cash reaches $115,973. For financing, Ziffy Mortgage’s DSCR program evaluates $2,471/mo property income against a $2,349/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1900

0.45 Acres lot

$N/A/sqft

$200 monthly HOA

More details about the property

Discover a fantastic condo in an unbeatable location! Nestled at 37 Pleasant St., right in the heart of the Portland Peninsula, this gem is just outside the Old Port. Enjoy the tranquility and peace while being mere steps away from boutiques, galleries, theaters, music venues, restaurants, like Artemisia cafe and Hi Bombay to name a few, plus on the weekend take up the farmers market at Deering Park! This is in-town living at its finest. Experience secure, stress-free, single-level living in this chic one-bedroom, one-bath unit, is filled with natural light. The building is well-funded and pet-friendly, with monthly dues of only $200! Positioned at the back of the building, the unit offers quietude, afternoon sun, and lovely glimpses of the neighborhood city park.

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

Price History

Date	Event	Price
2024-10-13	Price change	$480,000
2024-10-02	Listed for sale	$499,999

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2022-10-14	$4555.00	13.03%	$334,700	93.58%
2020-10-14	$4030.00	N/A	$172,900	N/A
2019-10-14	$4030.00	3.68%	$172,900	N/A

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1900
Architectural Style: Other
Building Area: 622
Living Area: 622 sqft
Property Condition: N/A

Features & Amenities

Heating: Hot Water, Baseboard
Cooling: A/C Units, Multi Units
Flooring: N/A
Interior Features: 1st Floor Bedroom, Storage
Exterior Features: N/A
Parking Features: Paved, On Site

Location

City: Portland
State: ME
Subdivision: 37 Pleasant Street Condominium Associaition
Lot Size: 0.45 Acres
Lot Features: Level, Sidewalks, City Lot, Near Turnpike/Interstate, Neighborhood, Retail Strip, Near Public Transit
View: N/A

HOA & Fees

HOA Fee: $200 monthly
Association Fee: $200 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: None
Road Surface Type: Paved

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Getty Real Estate Services, LLC

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1605447

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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782

37 Pleasant Street UNIT 2,Portland,ME,04101

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

37 Pleasant Street UNIT 2PortlandME04101