11 Old Thorne RoadEast BaldwinME04024
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 East Baldwin at 11 Old Thorne Road, East Baldwin, ME, 04024 priced at $330,000 pairs $2,364/mo rent with $282/mo cash flow after a $1,615/mo payment. Total monthly income equals $2,364/mo, and annual cash flow comes to $3,378/yr on $109,395 invested. Return on cash invested is 23% in year one, and rental yield stands at 8.6% on a $330,000 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,173 by year five. Five-year ROI measures 119.58% and total cumulative return in cash reaches $130,811. For financing, Ziffy Mortgage’s DSCR program evaluates $2,364/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
2.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04024, East Baldwin, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 211 (100%) |
| Owner Occupied HU | 176 (83.4%) |
| Renter Occupied HU | 21 ( 10.0%) |
| Vacant Housing Units | 14 ( 6.6%) |
| Median Home Value | $344,737 |
| Average Home Value | $341,719 |
Housing Distribution
Address Breakdown
Residential
176
Single Family
176
Multi-Family
0
Businesses
17
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Listed by: N/A • Landing Real Estate
Mls Name: Maine Listings
Mls ID: #1638093