15 Middle Street #3HallowellME04347
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 15 Middle Street #3, Hallowell, ME, 04347 in Hallowell at $325,000 earns $2,096/mo in rent and nets $45/mo after the $1,461/mo payment, a 7.74% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $89,792 over five years. Ziffy Mortgage underwrites this on a 1.43 DSCR without U.S. credit history. With $2,993/yr in principal paydown, total projected return reaches $126,330.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 7.5% |
| Monthly Cash Flow | $45 | $600 |
City averages based on Hallowell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,096 |
| Total Monthly Debt Service | $1,922 |
| DSCR Ratio | 1.09x |
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.
Condo
Built in 1850
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04347, Hallowell, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 765 (52.9%) |
| Renter Occupied HU | 534 (36.9%) |
| Vacant Housing Units | 148 (10.2%) |
| Median Home Value | $296,115 |
| Average Home Value | $294,373 |
Housing Distribution
Address Breakdown
Residential
1,486
Single Family
1,171
Multi-Family
315
Businesses
193
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
Condo
Built in 1850
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04347, Hallowell, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 765 (52.9%) |
| Renter Occupied HU | 534 (36.9%) |
| Vacant Housing Units | 148 (10.2%) |
| Median Home Value | $296,115 |
| Average Home Value | $294,373 |
Housing Distribution
Address Breakdown
Residential
1,486
Single Family
1,171
Multi-Family
315
Businesses
193
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices