1057 Castine RdPenobscotME04476
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1057 Castine Rd, Penobscot, ME, 04476 in Penobscot: $2,010/mo in rent, $1,211/mo net, 19.05% gross yield, all on a $126,600 acquisition. The 3.53 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $34,977 in value, and $1,166/yr in principal paydown steadily builds equity. Projected total cumulative return: $126,040.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.1% | 5.5% |
| Monthly Cash Flow | $1,211 | $350 |
City averages based on Penobscot market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,010 |
| Total Monthly Debt Service | $749 |
| DSCR Ratio | 2.68x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices