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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 9 Back Cove Estates UNIT 9, Portland, ME, 04103 uses $129,252 cash to close to unlock $1,484/yr annual cash flow and $124/mo monthly cash flow. Total monthly income runs $2,978/mo, and a $1,908/mo payment keeps the spread at $124/mo. Purchase price stands at $389,900, and rental yield measures 9.17% with $2,978/mo rent. Return on cash invested shows 21.06% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 110.48% and total cumulative return in cash records $142,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,978/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$394 monthly HOA
Neighborhood data shown for ZIP Code: 04103, Portland, ME area.
| 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 |
Residential
14,059
Single Family
12,419
Multi-Family
1,640
Businesses
1,013
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Listed for sale | $389,900 |
| 2019-03-12 | Sold | $241,500 |
| 2015-02-19 | Sold | $164,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $4083.00 | 4.16% | $272,000 | N/A |
| 2023-04-22 | $3920.00 | 5.89% | $272,000 | N/A |
| 2022-04-22 | $3702.00 | 3.93% | $272,000 | 78.01% |
Listed by: N/A • Coyne Webber Real Estate Associates, LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1618454
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
