101 Main StreetCornishME04020
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
Rental property for sale in Cornish at 101 Main Street, Cornish, ME, 04020 offers $1,768/mo rent that, after a $1,248/mo payment, leaves $159/mo cash flow. Total monthly income is $1,768/mo, and annual cash flow is $1,905/yr on $84,533 cash. Return on cash invested measures 22.16% in year one, and rental yield stands at 8.32% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 115.09% and total cumulative return in cash reaches $97,292. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,768/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1800
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04020, Cornish, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 793 (100%) |
| Owner Occupied HU | 563 (71.0%) |
| Renter Occupied HU | 133 (16.8%) |
| Vacant Housing Units | 97 (12.2%) |
| Median Home Value | $441,195 |
| Average Home Value | $475,133 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
574
Multi-Family
41
Businesses
98
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