15 Micheals WaySouth ParisME04281
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 15 Micheals Way, South Paris, ME, 04281 in South Paris: $1,590/mo in rent, $367/mo in net income, 10.05% gross yield, 1.86 DSCR, all at $189,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $52,466 in appreciation and $1,749/yr in principal paydown projects total cumulative return of $95,802.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.0% |
| Monthly Cash Flow | $367 | $250 |
City averages based on South Paris market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,590 |
| Total Monthly Debt Service | $1,148 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1996
0.66 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04281, South Paris, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,605 (100%) |
| Owner Occupied HU | 1,648 (63.3%) |
| Renter Occupied HU | 756 (29.0%) |
| Vacant Housing Units | 201 ( 7.7%) |
| Median Home Value | $280,588 |
| Average Home Value | $310,649 |
Housing Distribution
Address Breakdown
Residential
2,282
Single Family
2,066
Multi-Family
216
Businesses
175
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
Manufactured
Built in 1996
0.66 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04281, South Paris, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,605 (100%) |
| Owner Occupied HU | 1,648 (63.3%) |
| Renter Occupied HU | 756 (29.0%) |
| Vacant Housing Units | 201 ( 7.7%) |
| Median Home Value | $280,588 |
| Average Home Value | $310,649 |
Housing Distribution
Address Breakdown
Residential
2,282
Single Family
2,066
Multi-Family
216
Businesses
175
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Hearth & Key Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1628954
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782