14 Main StreetDetroitME04929
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
Rental property for sale in Detroit at 14 Main Street, Detroit, ME, 04929 priced at $279,900 converts $1,983/mo rent into $216/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,983/mo, and annual cash flow totals $2,598/yr on $92,787 invested. Return on cash invested prints 22.71% in year one, and rental yield reads 8.5% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 118.04% and total cumulative return in cash sums $109,525. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,983/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04929, Detroit, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 405 (100%) |
| Owner Occupied HU | 298 (73.6%) |
| Renter Occupied HU | 87 (21.5%) |
| Vacant Housing Units | 20 ( 4.9%) |
| Median Home Value | $158,333 |
| Average Home Value | $172,919 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices