103 Jackson LaneNorwayME04268
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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 Norway at 103 Jackson Lane, Norway, ME, 04268 generates $2,738/mo in rent and, after a $1,907/mo payment, leaves $279/mo in cash flow. Total monthly income is $2,738/mo, and annual cash flow is $3,347/yr on $129,186 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.43% on a $389,700 entry. Equity gained on principal adds $2,515/yr, while 5% annual appreciation builds toward $107,667 over five years. Five-year ROI reaches 116.89% and total cumulative return in cash sums $151,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,738/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
5 Acres lot
$N/A/sqft
No 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
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