55 Carleton St #BPortlandME04102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Portland at 55 Carleton St #B, Portland, ME, 04102 priced at $1,251,400 converts $6,829/mo rent into after a $6,125/mo obligation. Total monthly income equals $6,829/mo. Return on cash invested prints 17.21% in year one, and rental yield reads 6.55% against a $1,251,400 entry. Equity gained on principal adds $8,075/yr, while 5% annual appreciation compiles into $345,739 by year five. Five-year ROI reaches 88.42% and total cumulative return in cash sums $358,497. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,829/mo property income covering a $6,125/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices