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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Belfast at 1142 Swan Lake Avenue, Belfast, ME, 04915 offers a 8.3% rental yield on a $224,900 purchase with $1,556/mo rent. Total monthly income registers $1,556/mo, and a $1,101/mo payment leaves $136/mo available for distribution. Annual cash flow reaches $1,637/yr on $74,554 to close, and return on cash invested stands at 22.1% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 114.81% and total cumulative return in cash at $85,597. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,556/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04915, Belfast, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,083 (100%) |
| Owner Occupied HU | 2,979 (58.6%) |
| Renter Occupied HU | 1,313 (25.8%) |
| Vacant Housing Units | 791 (15.6%) |
| Median Home Value | $320,681 |
| Average Home Value | $355,074 |
Residential
4,627
Single Family
4,360
Multi-Family
267
Businesses
614
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Maine Country and Coast Real Estate
Mls Name: Maine Listings
Mls ID: #1646796
