14 Phillip StreetScarboroughME04074
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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 Scarborough at 14 Phillip Street, Scarborough, ME, 04074 offers $3,300/mo rent that, after a $2,100/mo payment, leaves $592/mo cash flow. Total monthly income is $3,300/mo, and annual cash flow is $7,107/yr on $142,214 cash. Return on cash invested measures 24.91% in year one, and rental yield stands at 9.23% at a $429,000 entry. Equity gained on principal adds $2,768/yr while 5% annual appreciation compounds into $118,525 by year five. Five-year ROI records 129.82% and total cumulative return in cash reaches $184,621. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,300/mo property income versus a $2,100/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04074, Scarborough, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,980 (100%) |
| Owner Occupied HU | 7,257 (66.1%) |
| Renter Occupied HU | 2,431 (22.1%) |
| Vacant Housing Units | 1,292 (11.8%) |
| Median Home Value | $610,244 |
| Average Home Value | $700,977 |
Housing Distribution
Address Breakdown
Residential
10,395
Single Family
9,453
Multi-Family
942
Businesses
910
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Listed by: N/A • U&R Real Estate
Mls Name: Maine Listings
Mls ID: #1650524