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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 Portland at 68 Evergreen Landing, Portland, ME, 04108 generates $3,480/mo in rent, after a $4,368/mo payment. Total monthly income is $3,480/mo. Return on cash invested sits at 11.26% in year one, and rental yield is 4.68% on a $892,500 entry. Equity gained on principal adds $5,759/yr, while 5% annual appreciation builds toward $246,581 over five years. Five-year ROI reaches 56.61% and total cumulative return in cash sums $166,221. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,480/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
6,098 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 |
|---|---|---|
| 2024-10-25 | Price change | $892,500 |
| 2024-09-24 | Listed for sale | $929,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $8890.00 | 4.16% | $592,300 | N/A |
| 2023-01-28 | $8535.00 | 5.88% | $592,300 | N/A |
| 2022-01-28 | $8061.00 | -14.38% | $592,300 | 46.65% |
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1603969
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
