120 Rankin StreetRocklandME04841
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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
Rental property for sale in Rockland at 120 Rankin Street, Rockland, ME, 04841 generates $2,393/mo in rent and, after a $1,224/mo payment, leaves $815/mo in cash flow. Total monthly income is $2,393/mo, and annual cash flow is $9,778/yr on $82,875 invested. Return on cash invested sits at 31.71% in year one, and rental yield is 11.49% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 166.27% and total cumulative return in cash sums $137,794. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,393/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04841, Rockland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,077 (100%) |
| Owner Occupied HU | 2,017 (49.5%) |
| Renter Occupied HU | 1,533 (37.6%) |
| Vacant Housing Units | 527 (12.9%) |
| Median Home Value | $278,434 |
| Average Home Value | $370,031 |
Housing Distribution
Address Breakdown
Residential
3,573
Single Family
3,344
Multi-Family
229
Businesses
628
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