13 Main StreetVergennesVT05491
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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 Vergennes at 13 Main Street, Vergennes, VT, 05491 priced at $199,000 converts $2,045/mo rent into $721/mo cash flow after a $974/mo obligation. Total monthly income equals $2,045/mo, and annual cash flow totals $8,653/yr on $65,969 invested. Return on cash invested prints 33.03% in year one, and rental yield reads 12.33% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 173.87% and total cumulative return in cash sums $114,702. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,045/mo property income covering a $974/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05491, Vergennes, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,023 (100%) |
| Owner Occupied HU | 1,939 (64.1%) |
| Renter Occupied HU | 623 (20.6%) |
| Vacant Housing Units | 461 (15.2%) |
| Median Home Value | $359,498 |
| Average Home Value | $398,878 |
Housing Distribution
Address Breakdown
Residential
2,609
Single Family
2,510
Multi-Family
99
Businesses
217
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