11 Palm Dr #254NorwayME04268
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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
Investment property for sale in Norway at 11 Palm Dr #254, Norway, ME, 04268 listed at $135,700 pairs $2,160/mo rent with a $664/mo payment to leave $1,304/mo cash flow. Total monthly income runs $2,160/mo, and annual cash flow reaches $15,645/yr on $44,985 cash to close. Return on cash invested measures 54.69% in year one, and rental yield registers 19.1% at a $135,700 basis. Equity gained on principal adds $876/yr, and annual property appreciation at 5% supports $37,491 by year five. Five-year ROI tracks 289.55% and total cumulative return in cash totals $130,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04268, Norway, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,971 (100%) |
| Owner Occupied HU | 1,703 (57.3%) |
| Renter Occupied HU | 667 (22.5%) |
| Vacant Housing Units | 601 (20.2%) |
| Median Home Value | $252,934 |
| Average Home Value | $269,796 |
Housing Distribution
Address Breakdown
Residential
2,390
Single Family
2,093
Multi-Family
297
Businesses
232
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