1174 Cove RoadHowlandME04448
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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 Howland at 1174 Cove Road, Howland, ME, 04448 listed at $1,098,000 pairs $2,279/mo rent with a $5,374/mo payment. Total monthly income runs $2,279/mo. Return on cash invested measures 4.68% in year one, and rental yield registers 2.49% at a $1,098,000 basis. Equity gained on principal adds $7,085/yr, and annual property appreciation at 5% supports $303,357 by year five. Five-year ROI tracks 21.26% and total cumulative return in cash totals $75,640. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,279/mo property income relative to a $5,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
5.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04448, Howland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 558 (100%) |
| Owner Occupied HU | 355 (63.6%) |
| Renter Occupied HU | 93 (16.7%) |
| Vacant Housing Units | 110 (19.7%) |
| Median Home Value | $125,735 |
| Average Home Value | $167,514 |
Housing Distribution
Address Breakdown
Residential
180
Single Family
180
Multi-Family
0
Businesses
21
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