42 Glenridge Drive UNIT 42PortlandME04102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Portland at 42 Glenridge Drive UNIT 42, Portland, ME, 04102 at $347,000 posts ROI 22.76% with $273/mo cash flow from $2,803/mo rent. Total monthly income equals $2,803/mo, and annual cash flow records $3,281/yr on $115,031 to close. Return on cash invested measures 22.76% and rental yield reads 9.69% at the current $347,000. Equity gained on principal adds $2,239/yr, and 5% annual appreciation supports $95,870 by year five. Five-year ROI prints 119.61% and total cumulative return in cash totals $137,588.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,803/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1986
N/A lot
$N/A/sqft
$340 monthly 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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Nearby investment properties with comparable prices
Listed by: N/A • Vitalius Real Estate Group, LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1616442
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782