11 Phillip StreetScarboroughME04074
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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 Scarborough at 11 Phillip Street, Scarborough, ME, 04074 listed at $469,000 pairs $3,232/mo rent with a $2,296/mo payment to leave $272/mo cash flow. Total monthly income runs $3,232/mo, and annual cash flow reaches $3,259/yr on $155,474 cash to close. Return on cash invested measures 22.01% in year one, and rental yield registers 8.27% at a $469,000 basis. Equity gained on principal adds $3,026/yr, and annual property appreciation at 5% supports $129,576 by year five. Five-year ROI tracks 114.24% and total cumulative return in cash totals $177,619. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,232/mo property income relative to a $2,296/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04074, Scarborough, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,980 (100%) |
| Owner Occupied HU | 7,257 (66.1%) |
| Renter Occupied HU | 2,431 (22.1%) |
| Vacant Housing Units | 1,292 (11.8%) |
| Median Home Value | $610,244 |
| Average Home Value | $700,977 |
Housing Distribution
Address Breakdown
Residential
10,395
Single Family
9,453
Multi-Family
942
Businesses
910
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1642865