1197 Western AvenueHampdenME04444
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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 Hampden at 1197 Western Avenue, Hampden, ME, 04444 offers a 8.63% rental yield on a $499,999 purchase with $3,595/mo rent. Total monthly income registers $3,595/mo, and a $2,447/mo payment leaves $440/mo available for distribution. Annual cash flow reaches $5,276/yr on $165,750 to close, and return on cash invested stands at 23.09% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 120.07% and total cumulative return in cash at $199,015. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,595/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04444, Hampden, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,267 (100%) |
| Owner Occupied HU | 3,328 (78.0%) |
| Renter Occupied HU | 721 (16.9%) |
| Vacant Housing Units | 218 ( 5.1%) |
| Median Home Value | $367,032 |
| Average Home Value | $397,760 |
Housing Distribution
Address Breakdown
Residential
3,960
Single Family
3,910
Multi-Family
50
Businesses
240
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