








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 7 May Street UNIT 2, Portland, ME, 04102 generates $2,900/mo in rent, after a $2,912/mo payment. Total monthly income is $2,900/mo. Return on cash invested sits at 11.97% in year one, and rental yield is 5.85% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 61.44% and total cumulative return in cash sums $120,278. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,900/mo property income rather than buyer’s personal income.
Condo
Built in 2016
4,791 sqft lot
$N/A/sqft
$465 monthly HOA
Neighborhood data shown for ZIP Code: 04102, Portland, ME area.
| 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 |
Residential
8,306
Single Family
6,553
Multi-Family
1,753
Businesses
692
Date | Event | Price |
|---|---|---|
| 2024-12-03 | Listed for sale | $595,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: N/A • Locations Real Estate Group LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1610560
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