106 Sunset Bay DriveSteubenME04680
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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 Steuben at 106 Sunset Bay Drive, Steuben, ME, 04680 offers $3,437/mo rent that, after a $6,363/mo payment. Total monthly income is $3,437/mo. Return on cash invested measures 6.79% in year one, and rental yield stands at 3.17% at a $1,300,000 entry. Equity gained on principal adds $8,389/yr while 5% annual appreciation compounds into $359,166 by year five. Five-year ROI records 32.54% and total cumulative return in cash reaches $137,079. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,437/mo property income versus a $6,363/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
2.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04680, Steuben, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 431 (51.0%) |
| Renter Occupied HU | 66 ( 7.8%) |
| Vacant Housing Units | 348 (41.2%) |
| Median Home Value | $241,964 |
| Average Home Value | $291,189 |
Housing Distribution
Address Breakdown
Residential
537
Single Family
537
Multi-Family
0
Businesses
32
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