12 Micmac DriveWiscassetME04578
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
Investment property for sale in Wiscasset at 12 Micmac Drive, Wiscasset, ME, 04578 at $275,000 posts ROI 25.1% with $394/mo cash flow from $2,130/mo rent. Total monthly income equals $2,130/mo, and annual cash flow records $4,733/yr on $91,163 to close. Return on cash invested measures 25.1% and rental yield reads 9.29% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 130.88% and total cumulative return in cash totals $119,315.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,130/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2014
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04578, Wiscasset, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,636 (65.9%) |
| Renter Occupied HU | 421 (17.0%) |
| Vacant Housing Units | 426 (17.2%) |
| Median Home Value | $340,434 |
| Average Home Value | $407,550 |
Housing Distribution
Address Breakdown
Residential
1,997
Single Family
1,973
Multi-Family
24
Businesses
160
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