52 Smith Street, South Portland, ME, 04106 | $934/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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52 Smith Street, South Portland, ME, 04106 | $934/mo Cash Flow | Ziffy

For Sale

Motivated Seller

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

Investment property for sale in South Portland at 52 Smith Street, South Portland, ME, 04106 listed at $368,000 pairs $3,256/mo rent with a $1,801/mo payment to leave $934/mo cash flow. Total monthly income runs $3,256/mo, and annual cash flow reaches $11,204/yr on $121,992 cash to close. Return on cash invested measures 29.09% in year one, and rental yield registers 10.62% at a $368,000 basis. Equity gained on principal adds $2,375/yr, and annual property appreciation at 5% supports $101,672 by year five. Five-year ROI tracks 152.25% and total cumulative return in cash totals $185,737. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,256/mo property income relative to a $1,801/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1949

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

MOTIVATED SELLER!!! Outstanding opportunity in a highly desirable South Portland coastal neighborhood. This 1 bedroom ranch is located within close proximity to Willard Beach, Bug Light, local restaurants, and shoreline walking paths. The home features a bathroom renovation already in progress, including a newly installed tub, offering a solid start for buyers planning updates or improvements. The property is priced below assessed value, providing strong potential for future equity. Situated on a spacious lot, the yard offers a quiet outdoor setting and possible expansion options. A newer wrap around composite deck provides additional outdoor living space. This property appeals to a variety of needs, including renovation, investment, rental use or owner occupancy with room to personalize.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04106, South Portland, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,146 (100%)
Owner Occupied HU	7,500 (57.1%)
Renter Occupied HU	5,002 (38.0%)
Vacant Housing Units	644 ( 4.9%)
Median Home Value	$478,306
Average Home Value	$555,106