118 Gore RoadPalermoME04354
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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 Palermo at 118 Gore Road, Palermo, ME, 04354 with 5% annual appreciation on a $319,000 basis while $3,142/mo rent supports operations. Total monthly income totals $3,142/mo and a $1,561/mo payment preserves $1,129/mo for cash returns. Annual cash flow comes to $13,549/yr on $105,749 deployed, and return on cash invested reaches 32.72% in year one. Equity gained on principal adds $2,058/yr, and five-year appreciation sums $88,134 alongside rental yield of 11.82%. Five-year ROI measures 171.76% and total cumulative return in cash totals $181,633.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,142/mo property income versus a $1,561/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1989
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04354, Palermo, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 945 (100%) |
| Owner Occupied HU | 597 (63.2%) |
| Renter Occupied HU | 60 ( 6.3%) |
| Vacant Housing Units | 288 (30.5%) |
| Median Home Value | $332,415 |
| Average Home Value | $353,354 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
20
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