12 Evergreen LaneNewryME04261
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 Newry at 12 Evergreen Lane, Newry, ME, 04261 offers $2,760/mo rent that, after a $7,317/mo payment. Total monthly income is $2,760/mo. Return on cash invested measures 3.83% in year one, and rental yield stands at 2.22% at a $1,495,000 entry. Equity gained on principal adds $9,647/yr while 5% annual appreciation compounds into $413,041 by year five. Five-year ROI records 16.71% and total cumulative return in cash reaches $80,941. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,760/mo property income versus a $7,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
2.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04261, Newry, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 199 (12.3%) |
| Renter Occupied HU | 36 ( 2.2%) |
| Vacant Housing Units | 1,380 (85.4%) |
| Median Home Value | $321,429 |
| Average Home Value | $371,319 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices