994 Portland Road #2SacoME04072
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
Investment property for sale in Saco at 994 Portland Road #2, Saco, ME, 04072 offers a 9.09% rental yield on a $309,995 purchase with $2,348/mo rent. Total monthly income registers $2,348/mo, and a $1,517/mo payment leaves $392/mo available for distribution. Annual cash flow reaches $4,702/yr on $102,763 to close, and return on cash invested stands at 24.48% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,646 over five years. Portfolio math shows five-year ROI at 127.52% and total cumulative return in cash at $131,046. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,348/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04072, Saco, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,169 (100%) |
| Owner Occupied HU | 6,451 (63.4%) |
| Renter Occupied HU | 2,842 (27.9%) |
| Vacant Housing Units | 876 ( 8.6%) |
| Median Home Value | $440,416 |
| Average Home Value | $473,380 |
Housing Distribution
Address Breakdown
Residential
9,563
Single Family
8,876
Multi-Family
687
Businesses
678
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices