51 Frederic Street, Portland, ME, 04102 | 4.23% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

51 Frederic Street, Portland, ME, 04102 | 4.23% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1568 sft

5 Stratton Road #5, Scarborough, ME, 04074

3 Bed
2 Bath
2590 sft

12 Salmon Falls Road, Hollis Center, ME, 04042

5 Bed
2 Bath
1536 sft

3 Casco Avenue, Old Orchard Beach, ME, 04064

2 Bed
2 Bath
1568 sft

4 Union Avenue, Old Orchard Beach, ME, 04064

Nearby investment properties with comparable prices

4 Bed
2 Bath
1292 sft

14 Dune Avenue, Saco, ME, 04072

3 Bed
2 Bath
1381 sft

6 Seabreeze Avenue, Old Orchard Beach, ME, 04064

4 Bed
3 Bath
3628 sft

4 Perennial Way, Scarborough, ME, 04074

Investment Property+ 2 more

8 Bed
2 Bath
2272 sft

5-7 Casco Avenue, Old Orchard Beach, ME, 04064

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Portland at 51 Frederic Street, Portland, ME, 04102 offers $3,505/mo rent that, after a $4,870/mo payment. Total monthly income is $3,505/mo. Return on cash invested measures 9.89% in year one, and rental yield stands at 4.23% at a $995,000 entry. Equity gained on principal adds $6,421/yr while 5% annual appreciation compounds into $274,900 by year five. Five-year ROI records 49.24% and total cumulative return in cash reaches $161,202. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,505/mo property income versus a $4,870/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1914

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

Here is the 3-Unit in Portland's Libbytown neighborhood that you've been seeking! Fully occupied tenancy with an excellent rental history and immediate cash flow. -Apt 1 is a 3 bed 1 bath with private back deck, large yard, as well as private driveway for 3+ cars and has private basement access - would make an awesome owner occupied unit, or continue as a month-to-month furnished rental (great for nearby medical center professionals). -Apt 2 is a 3 bed 1 bath with recently refinished wood floors, new stainless steel appliances -Apt 3 is a spacious 4 bed 1 bath -All 3 units have updated natural gas heating systems and separate CMP accounts. Full roof replacement in 2024. Close in proximity to dining, shopping, breweries, Amtrak, professional sports and live music venues, and The Fore River trail system! Maine Medical Center, Northern Light Mercy Hospital, USM campus and UNE campus all within walking distance! GROUP SHOWING: 8/17 this coming Sunday 3-5

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