11 Matthew DrCanaanME04924
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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 Canaan at 11 Matthew Dr, Canaan, ME, 04924 priced at $118,300 converts $938/mo rent into $191/mo cash flow after a $579/mo obligation. Total monthly income equals $938/mo, and annual cash flow totals $2,297/yr on $39,216 invested. Return on cash invested prints 25.77% in year one, and rental yield reads 9.51% against a $118,300 entry. Equity gained on principal adds $763/yr, while 5% annual appreciation compiles into $32,684 by year five. Five-year ROI reaches 134.49% and total cumulative return in cash sums $52,741. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $938/mo property income covering a $579/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04924, Canaan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 844 (69.1%) |
| Renter Occupied HU | 192 (15.7%) |
| Vacant Housing Units | 186 (15.2%) |
| Median Home Value | $171,034 |
| Average Home Value | $220,382 |
Housing Distribution
Address Breakdown
Residential
839
Single Family
839
Multi-Family
0
Businesses
42
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