5 Glenridge Drive #5, Portland, ME, 04102 | $414/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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5 Glenridge Drive #5, Portland, ME, 04102 | $414/mo Cash Flow | Ziffy

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

Investment property for sale in Portland at 5 Glenridge Drive #5, Portland, ME, 04102 earns $414/mo cash flow from $2,900/mo rent with a $1,664/mo payment. Total monthly income totals $2,900/mo, and annual cash flow totals $4,974/yr on $112,677 capital. ROI tracks 24.32% on current figures, and rental yield reads 10.24% at a $339,900 purchase. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 over five years. Five-year ROI reaches 128% and total cumulative return in cash sums $144,227. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,900/mo property income instead of your personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

$340 monthly HOA

More details about the property

Welcome home to this move-in-ready, townhouse-style condo packed with updates and charm! Enjoy sleek luxury vinyl floors throughout, fresh trim and doors, new window blinds and a freshly painted interior as recently as last year. This unique location on the edge of the association gives you extra privacy and a peaceful setting and feels more like a suburban neighborhood than a condo association. The kitchen features butcher block countertops, perfect for cooking up a storm or entertaining friends. With 1.5 baths, spacious bedrooms, and a roomy walk-in closet, there's plenty of space to spread out and make it your own. Step outside to your private patioideal for morning coffee or summer BBQs. Modern, warm, and full of characterthis one is a must-see!

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

Price History

Date	Event	Price
2025-06-17	Sold	$339,900
2025-06-01	Pending sale	$339,900
2025-05-23	Listed for sale	$339,900

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

2 Bed
1 Bath
578 sft

1 Firefly Street #302, Portland, ME, 04102

Rental Income+ 1 more

2 Bed
1 Bath
614 sft

1 Firefly Street #402, Portland, ME, 04102

2 Bed
2 Bath
1478 sft

535 Desfosses Avenue, Scarborough, ME, 04074

3 Bed
1 Bath
1038 sft

20 Westfield Street, Biddeford, ME, 04005

Nearby investment properties with comparable prices

1 Bed
1 Bath
704 sft

145 Chappell Shores Road, Lyman, ME, 04002

2 Bed
2 Bath
1040 sft

60 King Street UNIT 10, Saco, ME, 04072

4 Bed
2 Bath
2210 sft

16 Washington Avenue, Old Orchard Beach, ME, 04064

2 Bed
2 Bath
1040 sft

162 Beach Street UNIT 4, Saco, ME, 04072

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1986
Architectural Style: N/A
Building Area: 844
Living Area: 844 sqft
Property Condition: N/A

Features & Amenities

Heating: Baseboard, Direct Vent Heater
Cooling: None
Flooring: Vinyl
Interior Features: Bathtub, Shower
Exterior Features: N/A
Parking Features: Paved, 1 - 4 Spaces, Off Street

Location

City: Portland
State: ME
Subdivision: N/A
Lot Size: N/A
Lot Features: Near Shopping, Near Town, Neighborhood, Landscaped
View: N/A

HOA & Fees

HOA Fee: $340 monthly
Association Fee: $340 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved

School Information

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

Listed by: N/A • Signature Homes Real Estate Group, LLC

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1623439

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

5 Glenridge Drive #5,Portland,ME,04102

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

5 Glenridge Drive #5PortlandME04102