1 Water StreetCaribouME04736
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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
Investment property for sale in Caribou at 1 Water Street, Caribou, ME, 04736 uses $69,615 cash to close to unlock $5,790/yr annual cash flow and $483/mo monthly cash flow. Total monthly income runs $1,808/mo, and a $1,028/mo payment keeps the spread at $483/mo. Purchase price stands at $210,000, and rental yield measures 10.33% with $1,808/mo rent. Return on cash invested shows 28.23% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 147.65% and total cumulative return in cash records $102,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,808/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Multi Family
Built in 1918
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04736, Caribou, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,624 (100%) |
| Owner Occupied HU | 2,972 (64.3%) |
| Renter Occupied HU | 1,143 (24.7%) |
| Vacant Housing Units | 509 (11.0%) |
| Median Home Value | $165,876 |
| Average Home Value | $198,637 |
Housing Distribution
Address Breakdown
Residential
4,025
Single Family
3,779
Multi-Family
246
Businesses
370
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