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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% |
Investment property for sale in South Portland at 531 Westbrook Street UNIT 10, South Portland, ME, 04106 listed at $499,000 pairs $3,388/mo rent with a $2,442/mo payment. Total monthly income runs $3,388/mo. Return on cash invested measures 19.1% in year one, and rental yield registers 8.15% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Five-year ROI tracks 99.63% and total cumulative return in cash totals $164,802. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,388/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2021
0.62 Acres lot
$N/A/sqft
$350 monthly HOA
Neighborhood data shown for ZIP Code: 04106, South Portland, ME area.
| 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 |
Residential
12,561
Single Family
10,028
Multi-Family
2,533
Businesses
1,272
Date | Event | Price |
|---|---|---|
| 2024-09-26 | Listed for sale | $499,000 |
| 2021-12-08 | Sold | $385,000 |
| 2021-07-20 | Pending sale | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-14 | $4498.00 | 270.21% | $289,100 | 370.08% |
| 2020-10-14 | $1215.00 | 3.40% | $61,500 | N/A |
| 2019-10-14 | $1175.00 | N/A | $61,500 | N/A |
Listed by: N/A • Town & Shore Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1605075
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
