1 Hickory DriveNorwayME04268
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 Norway at 1 Hickory Drive, Norway, ME, 04268 at $207,500 posts ROI 13.86% with from $1,513/mo rent. Total monthly income equals $1,513/mo. Return on cash invested measures 13.86% and rental yield reads 8.75% at the current $207,500. Equity gained on principal adds $1,339/yr, and 5% annual appreciation supports $57,328 by year five. Five-year ROI prints 74.09% and total cumulative return in cash totals $50,963. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,513/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2019
N/A lot
$N/A/sqft
$550 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04268, Norway, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,971 (100%) |
| Owner Occupied HU | 1,703 (57.3%) |
| Renter Occupied HU | 667 (22.5%) |
| Vacant Housing Units | 601 (20.2%) |
| Median Home Value | $252,934 |
| Average Home Value | $269,796 |
Housing Distribution
Address Breakdown
Residential
2,390
Single Family
2,093
Multi-Family
297
Businesses
232
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Regency Realty Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1618419
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