81 Washington AvenueSouth PortlandME04106
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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
Rental property for sale in South Portland at 81 Washington Avenue, South Portland, ME, 04106 priced at $374,900 pairs $2,590/mo rent with $224/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,590/mo, and annual cash flow comes to $2,687/yr on $124,279 invested. Return on cash invested is 22.07% in year one, and rental yield stands at 8.29% on a $374,900 basis. Equity gained on principal adds $2,419/yr, and 5% annual appreciation accumulates to $103,578 by year five. Five-year ROI measures 114.59% and total cumulative return in cash reaches $142,411. For financing, Ziffy Mortgage’s DSCR program evaluates $2,590/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1942
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04106, South Portland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,146 (100%) |
| Owner Occupied HU | 7,500 (57.1%) |
| Renter Occupied HU | 5,002 (38.0%) |
| Vacant Housing Units | 644 ( 4.9%) |
| Median Home Value | $478,306 |
| Average Home Value | $555,106 |
Housing Distribution
Address Breakdown
Residential
12,561
Single Family
10,028
Multi-Family
2,533
Businesses
1,272
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Listed by: N/A • EXP Realty
Mls Name: Maine Listings
Mls ID: #1639200