12 Harvest DriveOrringtonME04474
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 Orrington at 12 Harvest Drive, Orrington, ME, 04474 priced at $489,000 converts $3,120/mo rent into $34/mo cash flow after a $2,393/mo obligation. Total monthly income equals $3,120/mo, and annual cash flow totals $411/yr on $162,104 invested. Return on cash invested prints 20.16% in year one, and rental yield reads 7.66% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 104.37% and total cumulative return in cash sums $169,186. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,120/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Multi Family
Built in 2022
2.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04474, Orrington, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,834 (100%) |
| Owner Occupied HU | 1,407 (76.7%) |
| Renter Occupied HU | 260 (14.2%) |
| Vacant Housing Units | 167 ( 9.1%) |
| Median Home Value | $324,856 |
| Average Home Value | $355,743 |
Housing Distribution
Address Breakdown
Residential
1,693
Single Family
1,662
Multi-Family
31
Businesses
56
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices