119 West Conway Lake Road RoadMonticelloME04760
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
Investment Highlights
Rental property for sale in Monticello at 119 West Conway Lake Road Road, Monticello, ME, 04760 priced at $169,500 pairs $1,404/mo rent with $334/mo cash flow after a $830/mo payment. Total monthly income equals $1,404/mo, and annual cash flow comes to $4,006/yr on $56,189 invested. Return on cash invested is 27.04% in year one, and rental yield stands at 9.94% on a $169,500 basis. Equity gained on principal adds $1,094/yr, and 5% annual appreciation accumulates to $46,830 by year five. Five-year ROI measures 141.24% and total cumulative return in cash reaches $79,364. For financing, Ziffy Mortgage’s DSCR program evaluates $1,404/mo property income against a $830/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04760, Monticello, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 384 (100%) |
| Owner Occupied HU | 269 (70.1%) |
| Renter Occupied HU | 53 (13.8%) |
| Vacant Housing Units | 62 (16.1%) |
| Median Home Value | $219,118 |
| Average Home Value | $352,993 |
Housing Distribution
Address Breakdown
Residential
202
Single Family
187
Multi-Family
15
Businesses
20
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Listed by: N/A • NextHome Experience
Mls Name: Maine Listings
Mls ID: #1641304