79 Northwood Drive #79PortlandME04103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Portland at 79 Northwood Drive #79, Portland, ME, 04103 generates $3,146/mo in rent and, after a $1,810/mo payment, leaves $812/mo in cash flow. Total monthly income is $3,146/mo, and annual cash flow is $9,744/yr on $122,622 invested. Return on cash invested sits at 27.86% in year one, and rental yield is 10.21% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 145.6% and total cumulative return in cash sums $178,534. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,146/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04103, Portland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,823 (100%) |
| Owner Occupied HU | 8,387 (56.6%) |
| Renter Occupied HU | 5,673 (38.3%) |
| Vacant Housing Units | 763 ( 5.1%) |
| Median Home Value | $521,898 |
| Average Home Value | $606,743 |
Housing Distribution
Address Breakdown
Residential
14,059
Single Family
12,419
Multi-Family
1,640
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices