1057 Castine RdPenobscotME04476
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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 Penobscot at 1057 Castine Rd, Penobscot, ME, 04476 offers $2,010/mo rent that, after a $620/mo payment, leaves $1,211/mo cash flow. Total monthly income is $2,010/mo, and annual cash flow is $14,528/yr on $41,968 cash. Return on cash invested measures 54.53% in year one, and rental yield stands at 19.05% at a $126,600 entry. Equity gained on principal adds $817/yr while 5% annual appreciation compounds into $34,977 by year five. Five-year ROI records 288.69% and total cumulative return in cash reaches $121,155. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,010/mo property income versus a $620/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04476, Penobscot, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 913 (100%) |
| Owner Occupied HU | 547 (59.9%) |
| Renter Occupied HU | 68 ( 7.4%) |
| Vacant Housing Units | 298 (32.6%) |
| Median Home Value | $394,000 |
| Average Home Value | $427,541 |
Housing Distribution
Address Breakdown
Residential
584
Single Family
584
Multi-Family
0
Businesses
27
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