12 Island Avenue, Orono, ME, 04473 | $232/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Orono at 12 Island Avenue, Orono, ME, 04473 priced at $285,000 converts $2,031/mo rent into $232/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,031/mo, and annual cash flow totals $2,787/yr on $94,478 invested. Return on cash invested prints 22.86% in year one, and rental yield reads 8.55% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 118.87% and total cumulative return in cash sums $112,302. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,031/mo property income covering a $1,395/mo payment, not borrower’s personal income.

Single Family

Built in 1900

7,405 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 04473, Orono, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,854 (100%)
Owner Occupied HU	1,396 (36.2%)
Renter Occupied HU	2,039 (52.9%)
Vacant Housing Units	419 (10.9%)
Median Home Value	$333,333
Average Home Value	$351,250