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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Portland at 48 State Street UNIT 22, Portland, ME, 04101 offers $2,753/mo rent that, after a $1,904/mo payment. Total monthly income is $2,753/mo. Return on cash invested measures 19.89% in year one, and rental yield stands at 8.49% at a $389,000 entry. Equity gained on principal adds $2,510/yr while 5% annual appreciation compounds into $107,474 by year five. Five-year ROI records 103.89% and total cumulative return in cash reaches $133,974. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,753/mo property income versus a $1,904/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1890
3,920 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood data shown for ZIP Code: 04101, Portland, ME area.
| 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 |
Residential
11,405
Single Family
5,062
Multi-Family
6,343
Businesses
2,534
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Contingent | $389,000 |
| 2025-04-03 | Listed for sale | $389,000 |
| 2019-08-16 | Sold | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $3679.00 | 4.16% | $245,100 | N/A |
| 2023-04-14 | $3532.00 | 5.88% | $245,100 | N/A |
| 2022-04-14 | $3336.00 | 9.85% | $245,100 | 88.10% |
Listed by: N/A • Maine Community Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1617872
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
