1071 Shin Pond RoadPattenME04765
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
Investment Highlights
Rental property for sale in Patten at 1071 Shin Pond Road, Patten, ME, 04765 offers $2,890/mo rent that, after a $1,708/mo payment, leaves $688/mo cash flow. Total monthly income is $2,890/mo, and annual cash flow is $8,251/yr on $115,694 cash. Return on cash invested measures 27.04% in year one, and rental yield stands at 9.94% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 141.25% and total cumulative return in cash reaches $163,416. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,890/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
4.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04765, Patten, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 929 (100%) |
| Owner Occupied HU | 426 (45.9%) |
| Renter Occupied HU | 93 (10.0%) |
| Vacant Housing Units | 410 (44.1%) |
| Median Home Value | $213,333 |
| Average Home Value | $259,577 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
283
Multi-Family
35
Businesses
56
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