1 Ripogenus Dam RoadMillinocketME04462
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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 Millinocket at 1 Ripogenus Dam Road, Millinocket, ME, 04462 offers $4,075/mo rent that, after a $4,400/mo payment. Total monthly income is $4,075/mo. Return on cash invested measures 13.57% in year one, and rental yield stands at 5.44% at a $899,000 entry. Equity gained on principal adds $5,801/yr while 5% annual appreciation compounds into $248,377 by year five. Five-year ROI records 69% and total cumulative return in cash reaches $204,094. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,075/mo property income versus a $4,400/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
13.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04462, Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,542 (58.9%) |
| Renter Occupied HU | 539 (20.6%) |
| Vacant Housing Units | 538 (20.5%) |
| Median Home Value | $91,538 |
| Average Home Value | $170,131 |
Housing Distribution
Address Breakdown
Residential
2,484
Single Family
2,361
Multi-Family
123
Businesses
198
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Listed by: N/A • North Woods Real Estate, LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1606875
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