14 Millinocket ShoresLeeME04455
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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 Lee at 14 Millinocket Shores, Lee, ME, 04455 generates $2,010/mo in rent and, after a $1,170/mo payment, leaves $501/mo in cash flow. Total monthly income is $2,010/mo, and annual cash flow is $6,017/yr on $79,229 invested. Return on cash invested sits at 27.5% in year one, and rental yield is 10.09% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 143.77% and total cumulative return in cash sums $113,904. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,010/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04455, Lee, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 583 (100%) |
| Owner Occupied HU | 335 (57.5%) |
| Renter Occupied HU | 41 ( 7.0%) |
| Vacant Housing Units | 207 (35.5%) |
| Median Home Value | $185,081 |
| Average Home Value | $197,403 |
Housing Distribution
Address Breakdown
Residential
327
Single Family
327
Multi-Family
0
Businesses
16
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