107 Echo Lake RoadPresque IsleME04769
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 107 Echo Lake Road, Presque Isle, ME, 04769 in Presque Isle is a conservative rental investment at $273,000. Rental yield 7.16%. A 1.33 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $75,425; $2,514/yr in principal paydown supplements. Total projected return: $97,566.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 7.5% |
| Monthly Cash Flow | $(95) | $850 |
City averages based on Presque Isle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,628 |
| Total Monthly Debt Service | $1,614 |
| DSCR Ratio | 1.01x |
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 1960
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04769, Presque Isle, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,521 (100%) |
| Owner Occupied HU | 2,368 (52.4%) |
| Renter Occupied HU | 1,667 (36.9%) |
| Vacant Housing Units | 486 (10.7%) |
| Median Home Value | $164,958 |
| Average Home Value | $205,982 |
Housing Distribution
Address Breakdown
Residential
3,994
Single Family
3,464
Multi-Family
530
Businesses
583
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 1960
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04769, Presque Isle, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,521 (100%) |
| Owner Occupied HU | 2,368 (52.4%) |
| Renter Occupied HU | 1,667 (36.9%) |
| Vacant Housing Units | 486 (10.7%) |
| Median Home Value | $164,958 |
| Average Home Value | $205,982 |
Housing Distribution
Address Breakdown
Residential
3,994
Single Family
3,464
Multi-Family
530
Businesses
583
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • RE/MAX County
Mls Name: Maine Listings
Mls ID: #1629198