53 Carleton Street UNIT 3PortlandME04102
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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
Investment Highlights
Total monthly income runs $5,380/mo, and a $7,807/mo payment. Purchase price stands at $1,595,000, and rental yield measures 4.05% with $5,380/mo rent. Return on cash invested shows 8.38% in year one, and 5% annual appreciation builds toward $440,669 over five years. Five-year ROI reaches 41.51% and total cumulative return in cash records $214,505. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,380/mo property income covering a $7,807/mo payment rather than investor’s personal income.
Condo
Built in 1900
0.86 Acres lot
$N/A/sqft
$475 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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Listed by: N/A • Waypoint Brokers Collective
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1592137
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782