119 Merritt RoadSteubenME04680
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.4% gross rental yield, 119 Merritt Road, Steuben, ME, 04680 in Steuben is priced for capital growth, not immediate cash flow. The $1,100,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $303,910 by year five, with $10,131/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.44) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $112,283.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.4% | 7.0% |
| Monthly Cash Flow | $(4,746) | $450 |
City averages based on Steuben market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,196 |
| Total Monthly Debt Service | $6,505 |
| DSCR Ratio | 0.34x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2000
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04680, Steuben, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 431 (51.0%) |
| Renter Occupied HU | 66 ( 7.8%) |
| Vacant Housing Units | 348 (41.2%) |
| Median Home Value | $241,964 |
| Average Home Value | $291,189 |
Housing Distribution
Address Breakdown
Residential
537
Single Family
537
Multi-Family
0
Businesses
32
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
Single Family
Built in 2000
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04680, Steuben, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 431 (51.0%) |
| Renter Occupied HU | 66 ( 7.8%) |
| Vacant Housing Units | 348 (41.2%) |
| Median Home Value | $241,964 |
| Average Home Value | $291,189 |
Housing Distribution
Address Breakdown
Residential
537
Single Family
537
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices