1040 Canaan Road, Skowhegan, ME, 04976 | $189/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Skowhegan at 1040 Canaan Road, Skowhegan, ME, 04976 priced at $298,900 converts $2,075/mo rent into $189/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,075/mo, and annual cash flow totals $2,263/yr on $99,085 invested. Return on cash invested prints 22.19% in year one, and rental yield reads 8.33% against a $298,900 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,581 by year five. Five-year ROI reaches 115.27% and total cumulative return in cash sums $114,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,075/mo property income covering a $1,463/mo payment, not borrower’s personal income.

Single Family

Built in 1990

5.60 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 04976, Skowhegan, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,990 (100%)
Owner Occupied HU	2,937 (58.9%)
Renter Occupied HU	1,488 (29.8%)
Vacant Housing Units	565 (11.3%)
Median Home Value	$191,243
Average Home Value	$232,858