994 Portland Road #3SacoME04072
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 #3, Saco, ME, 04072 uses $99,119 cash to close to unlock $5,537/yr annual cash flow and $461/mo monthly cash flow. Total monthly income runs $2,348/mo, and a $1,463/mo payment keeps the spread at $461/mo. Purchase price stands at $299,000, and rental yield measures 9.42% with $2,348/mo rent. Return on cash invested shows 25.5% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 132.97% and total cumulative return in cash records $131,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,348/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 2021
871.20 sqft 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