119 Nickerson RoadBelfastME04915
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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 Belfast at 119 Nickerson Road, Belfast, ME, 04915 priced at $144,000 pairs $1,133/mo rent with $224/mo cash flow after a $705/mo payment. Total monthly income equals $1,133/mo, and annual cash flow comes to $2,688/yr on $47,736 invested. Return on cash invested is 25.54% in year one, and rental yield stands at 9.44% on a $144,000 basis. Equity gained on principal adds $929/yr, and 5% annual appreciation accumulates to $39,785 by year five. Five-year ROI measures 133.2% and total cumulative return in cash reaches $63,582. For financing, Ziffy Mortgage’s DSCR program evaluates $1,133/mo property income against a $705/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1986
5.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04915, Belfast, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,627
Single Family
4,360
Multi-Family
267
Businesses
614
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