39 Morse Street, South Portland, ME, 04106 | $127/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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39 Morse Street, South Portland, ME, 04106 | $127/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 South Portland at 39 Morse Street, South Portland, ME, 04106 priced at $339,000 pairs $2,266/mo rent with $127/mo cash flow after a $1,659/mo payment. Total monthly income equals $2,266/mo, and annual cash flow comes to $1,521/yr on $112,379 invested. Return on cash invested is 21.26% in year one, and rental yield stands at 8.02% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 110.25% and total cumulative return in cash reaches $123,892. For financing, Ziffy Mortgage’s DSCR program evaluates $2,266/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1959

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Bring your vision! This 4-bedroom, 1-bath home offers the perfect chance to build sweat equity in a fantastic South Portland location. Tucked away on a quiet dead-end street, the property features generous living spaces and full basement with additional workshop. The electric car charger is additional bonus! Bring your ideas and make this property your own! Home being sold as-is.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04106, South Portland, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,146 (100%)
Owner Occupied HU	7,500 (57.1%)
Renter Occupied HU	5,002 (38.0%)
Vacant Housing Units	644 ( 4.9%)
Median Home Value	$478,306
Average Home Value	$555,106