41 W Presumpscot Street #C, Portland, ME, 04103 | $614/mo Cash Flow

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41 W Presumpscot Street #C, Portland, ME, 04103 | $614/mo Cash Flow | Ziffy

For Sale

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 41 W Presumpscot Street #C, Portland, ME, 04103 generates $2,498/mo in rent and, after a $1,461/mo payment, leaves $614/mo in cash flow. Total monthly income is $2,498/mo, and annual cash flow is $7,369/yr on $98,953 invested. Return on cash invested sits at 27.36% in year one, and rental yield is 10.04% on a $298,500 entry. Equity gained on principal adds $1,926/yr, while 5% annual appreciation builds toward $82,470 over five years. Five-year ROI reaches 142.99% and total cumulative return in cash sums $141,489. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,498/mo property income rather than buyer’s personal income.

Condo

Built in 2025

0.41 Acres lot

$N/A/sqft

No HOA

More details about the property

Realize your home ownership dreams! Each of the 4 interior spacious townhouse units in this new to-be-built building offers 2 bedrooms, 1.5 bathrooms and a parking spot in a comfortable 818 sq ft. home. Each unit will have their own raised garden bed, shed, and deck. Each parking spot will be EV ready - with the conduit running from parking lot to each individual electrical panel. Same with solar - the conduit running from roof to each unit. These newly built homes will stay cozily warm -and cool - via the efficient heat pumps. Located near the Washington Avenue businesses as well as the Portland Peninsula, these units will be close to everything! Baxter Boulevard and Payson park are within easy reach and you'll have easy access to I295. These Income Qualified Workforce Homes could be your door to the world of owning your own home! The Front Street Condominium Association is phase 3 of the Portland Housing Authority's award winning development of this special neighborhood. These brand new high quality condominium homes are being built to create new home-ownership opportunities in the city. 8 units total, of which 2 are market rate and 6 being income restricted. Buyers will fill out a form to validate eligibility based on household size. Must be at or under 120percent of of Median Area Income. Completed Applications will be considered on a first come first served basis.

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