9 Parris Street #2PortlandME04101
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 9 Parris Street #2, Portland, ME, 04101 priced at $425,000 converts $3,462/mo rent into $780/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,462/mo, and annual cash flow totals $9,359/yr on $140,888 invested. Return on cash invested prints 26.55% in year one, and rental yield reads 9.78% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 138.62% and total cumulative return in cash sums $195,293. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,462/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Condo
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04101, Portland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,171 (100%) |
| Owner Occupied HU | 2,282 (18.7%) |
| Renter Occupied HU | 8,386 (68.9%) |
| Vacant Housing Units | 1,503 (12.3%) |
| Median Home Value | $674,868 |
| Average Home Value | $777,521 |
Housing Distribution
Address Breakdown
Residential
11,405
Single Family
5,062
Multi-Family
6,343
Businesses
2,534
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices