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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 Portland at 613 Island Avenue, Portland, ME, 04108 at $599,000 posts ROI 9.82% with from $2,099/mo rent. Total monthly income equals $2,099/mo. Return on cash invested measures 9.82% and rental yield reads 4.21% at the current $599,000. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 by year five. Five-year ROI prints 48.88% and total cumulative return in cash totals $96,334. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,099/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1895
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04108, Peaks Island, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 989 (100%) |
| Owner Occupied HU | 386 (39.0%) |
| Renter Occupied HU | 81 ( 8.2%) |
| Vacant Housing Units | 522 (52.8%) |
| Median Home Value | $725,000 |
| Average Home Value | $932,850 |
Residential
861
Single Family
861
Multi-Family
0
Businesses
56
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Price change | $599,000 |
| 2024-09-06 | Price change | $699,000 |
| 2024-08-30 | Listing removed | $2,250 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-06 | $6984.00 | 4.16% | $465,300 | N/A |
| 2023-06-06 | $6705.00 | 5.87% | $465,300 | N/A |
| 2022-06-06 | $6333.00 | 11.30% | $465,300 | 90.62% |
Listed by: N/A • Berkshire Hathaway HomeServices Verani Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1624637
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
