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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% |
Rental property for sale in South Portland at 57 McLean Street, South Portland, ME, 04106 generates $2,270/mo in rent, after a $2,349/mo payment. Total monthly income is $2,270/mo. Return on cash invested sits at 14.19% in year one, and rental yield is 5.67% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 72.3% and total cumulative return in cash sums $115,037. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,270/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
4,791 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-04-10 | Listed for sale | $480,000 |
| 2024-11-27 | Sold | $275,000 |
| 2024-10-25 | Pending sale | $268,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $2443.00 | N/A | $172,800 | N/A |
| 2023-04-22 | $2443.00 | -26.90% | $172,800 | -19.55% |
| 2022-04-22 | $3342.00 | 10.15% | $214,800 | 39.84% |
Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1618587
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
