1032 Commercial StreetRockportME04856
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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 Rockport at 1032 Commercial Street, Rockport, ME, 04856 generates $2,423/mo in rent and, after a $1,835/mo payment, leaves $57/mo in cash flow. Total monthly income is $2,423/mo, and annual cash flow is $681/yr on $124,313 invested. Return on cash invested sits at 20.46% in year one, and rental yield is 7.75% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 105.94% and total cumulative return in cash sums $131,691. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,423/mo property income rather than buyer’s personal income.
Multi Family
Built in 1910
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04856, Rockport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,160 (100%) |
| Owner Occupied HU | 1,466 (67.9%) |
| Renter Occupied HU | 234 (10.8%) |
| Vacant Housing Units | 460 (21.3%) |
| Median Home Value | $476,948 |
| Average Home Value | $501,153 |
Housing Distribution
Address Breakdown
Residential
1,517
Single Family
1,517
Multi-Family
0
Businesses
299
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