111 E Main StreetVinalhavenME04863
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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 Vinalhaven at 111 E Main Street, Vinalhaven, ME, 04863 offers a 10.48% rental yield on a $239,000 purchase with $2,088/mo rent. Total monthly income registers $2,088/mo, and a $1,170/mo payment leaves $579/mo available for distribution. Annual cash flow reaches $6,953/yr on $79,229 to close, and return on cash invested stands at 28.68% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 150.1% and total cumulative return in cash at $118,920. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,088/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04863, Vinalhaven, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 480 (36.6%) |
| Renter Occupied HU | 162 (12.3%) |
| Vacant Housing Units | 670 (51.1%) |
| Median Home Value | $517,045 |
| Average Home Value | $621,682 |
Housing Distribution
Address Breakdown
Residential
418
Single Family
418
Multi-Family
0
Businesses
53
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Listed by: N/A • Rock Coast Realty
Mls Name: Maine Listings
Mls ID: #1632081