11 Summer StreetHallowellME04347
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 Hallowell at 11 Summer Street, Hallowell, ME, 04347 offers $2,474/mo rent that, after a $1,713/mo payment, leaves $265/mo cash flow. Total monthly income is $2,474/mo, and annual cash flow is $3,182/yr on $116,025 cash. Return on cash invested measures 22.65% in year one, and rental yield stands at 8.48% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 117.74% and total cumulative return in cash reaches $136,610. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,474/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1900
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04347, Hallowell, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 765 (52.9%) |
| Renter Occupied HU | 534 (36.9%) |
| Vacant Housing Units | 148 (10.2%) |
| Median Home Value | $296,115 |
| Average Home Value | $294,373 |
Housing Distribution
Address Breakdown
Residential
1,486
Single Family
1,171
Multi-Family
315
Businesses
193
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Listed by: N/A • Summit Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1586584
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782