122 Knox StreetMillinocketME04462
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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 Millinocket at 122 Knox Street, Millinocket, ME, 04462 priced at $116,500 converts $886/mo rent into $151/mo cash flow after a $570/mo obligation. Total monthly income equals $886/mo, and annual cash flow totals $1,812/yr on $38,620 invested. Return on cash invested prints 24.6% in year one, and rental yield reads 9.13% against a $116,500 entry. Equity gained on principal adds $752/yr, while 5% annual appreciation compiles into $32,187 by year five. Five-year ROI reaches 128.14% and total cumulative return in cash sums $49,488. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $886/mo property income covering a $570/mo payment, not borrower’s personal income.
Single Family
Built in 1922
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04462, Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,542 (58.9%) |
| Renter Occupied HU | 539 (20.6%) |
| Vacant Housing Units | 538 (20.5%) |
| Median Home Value | $91,538 |
| Average Home Value | $170,131 |
Housing Distribution
Address Breakdown
Residential
2,484
Single Family
2,361
Multi-Family
123
Businesses
198
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Listed by: N/A • EXP Realty
Mls Name: Maine Listings
Mls ID: #1641499