11 Second AvenueScarboroughME04074
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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 Second Avenue, Scarborough, ME, 04074 offers a 7.92% rental yield on a $499,900 purchase with $3,300/mo rent. Total monthly income registers $3,300/mo, and a $2,447/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,738/yr on $165,717 to close, and return on cash invested stands at 20.96% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 108.62% and total cumulative return in cash at $180,000. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,300/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.52 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: #1642062