1361 Caribou RdVan BurenME04785
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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 Van Buren at 1361 Caribou Rd, Van Buren, ME, 04785 generates $1,883/mo in rent, after a $3,181/mo payment. Total monthly income is $1,883/mo. Return on cash invested sits at 7.61% in year one, and rental yield is 3.48% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 37.03% and total cumulative return in cash sums $79,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,883/mo property income rather than buyer’s personal income.
Multi Family
Built in 2021
108 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04785, Van Buren, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,294 (100%) |
| Owner Occupied HU | 736 (56.9%) |
| Renter Occupied HU | 337 (26.0%) |
| Vacant Housing Units | 221 (17.1%) |
| Median Home Value | $113,710 |
| Average Home Value | $139,310 |
Housing Distribution
Address Breakdown
Residential
1,054
Single Family
1,031
Multi-Family
23
Businesses
85
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