55 Payson Street #2PortlandME04102
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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
Rental property for sale in Portland at 55 Payson Street #2, Portland, ME, 04102 priced at $479,000 pairs $3,780/mo rent with $757/mo cash flow after a $2,344/mo payment. Total monthly income equals $3,780/mo, and annual cash flow comes to $9,089/yr on $158,789 invested. Return on cash invested is 25.63% in year one, and rental yield stands at 9.47% on a $479,000 basis. Equity gained on principal adds $3,091/yr, and 5% annual appreciation accumulates to $132,339 by year five. Five-year ROI measures 133.7% and total cumulative return in cash reaches $212,307. For financing, Ziffy Mortgage’s DSCR program evaluates $3,780/mo property income against a $2,344/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1905
9,583 sqft 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
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