Portland, ME — Rental Investment Analysis

🔴WEAK— appreciation play only

Cap Rate

2.6%

Below average

Monthly Cash Flow

-$2,039

After all expenses

Price-to-Rent

19.3

Overpriced for rent

DSCR

0.40

Fails

📊 Key Metrics

Median Home Price: $637,139
Average Rent (3BR): $2,470/mo
Price-to-Rent Ratio: 19.3(high)
1% Rule: 0.43%(fails — need 1%+)
Cash-on-Cash Return: -16.7%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 3.1%(-1.2% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +2.1500000000000004% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

Property Tax Rate

1.24%

of assessed value (ME avg)

Median Income

$64,767

household (ME avg)

Rent-to-Income

45.8%

Stretched

Section 8 Max Rent

$2,470/mo

3BR voucher payment

🏛️ ME Investor Climate

Landlord Friendly

5/10

State Income Tax

Has state tax

Property Tax

1.24% effective

Population Trend

+2.1500000000000004% (3yr)

🏘️ Best Zip Codes in Portland for Investors

04103

Cap Rate: 2.8%Cash Flow: -$1,612/mo$532,416

04102

Cap Rate: 2.7%Cash Flow: -$1,667/mo$547,942

04050

Cap Rate: 2.6%Cash Flow: -$1,985/mo$636,465

All Zip Codes in Portland

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
04103	2.8%	-$1,612	$532,416	$2,410/mo	0.43
04102	2.7%	-$1,667	$547,942	$2,470/mo	0.43
04050	2.6%	-$1,985	$636,465	$2,810/mo	0.41
04017	2.5%	-$2,039	$637,139	$2,750/mo	0.40
04101	2.0%	-$2,393	$655,682	$2,470/mo	0.31
04109	1.6%	-$3,339	$837,311	$2,810/mo	0.25
04108	1.2%	-$3,141	$722,881	$2,110/mo	0.18