6 Horton PlacePortlandME04102
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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
Investment property for sale in Portland at 6 Horton Place, Portland, ME, 04102 offers a 5.14% rental yield on a $650,000 purchase with $2,783/mo rent. 66% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 64.11% and total cumulative return in cash at $137,102. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,783/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
2,178 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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