113 Morrison AvenueClintonME04927
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 Clinton at 113 Morrison Avenue, Clinton, ME, 04927 offers $1,358/mo rent that, after a $857/mo payment, leaves $253/mo cash flow. Total monthly income is $1,358/mo, and annual cash flow is $3,037/yr on $58,013 cash. Return on cash invested measures 25.14% in year one, and rental yield stands at 9.31% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 131.18% and total cumulative return in cash reaches $76,099. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,358/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1983
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04927, Clinton, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,594 (100%) |
| Owner Occupied HU | 1,197 (75.1%) |
| Renter Occupied HU | 259 (16.2%) |
| Vacant Housing Units | 138 ( 8.7%) |
| Median Home Value | $205,732 |
| Average Home Value | $241,928 |
Housing Distribution
Address Breakdown
Residential
1,253
Single Family
1,235
Multi-Family
18
Businesses
37
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