12 Joshua DriveDetroitME04929
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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 Detroit at 12 Joshua Drive, Detroit, ME, 04929 with 5% annual appreciation on a $157,500 basis while $1,208/mo rent supports operations. Total monthly income totals $1,208/mo and a $771/mo payment preserves $214/mo for cash returns. Annual cash flow comes to $2,566/yr on $52,211 deployed, and return on cash invested reaches 24.82% in year one. Equity gained on principal adds $1,016/yr, and five-year appreciation sums $43,514 alongside rental yield of 9.2%. Five-year ROI measures 129.34% and total cumulative return in cash totals $67,533.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,208/mo property income versus a $771/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1993
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04929, Detroit, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 405 (100%) |
| Owner Occupied HU | 298 (73.6%) |
| Renter Occupied HU | 87 (21.5%) |
| Vacant Housing Units | 20 ( 4.9%) |
| Median Home Value | $158,333 |
| Average Home Value | $172,919 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
21
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