15 S Main StreetDetroitME04929
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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 Detroit at 15 S Main Street, Detroit, ME, 04929 priced at $289,500 converts $0/mo rent into after a $1,417/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.94% in year one, and rental yield reads 0% against a $289,500 entry. Equity gained on principal adds $1,868/yr, while 5% annual appreciation compiles into $79,984 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,417/mo payment, not borrower’s personal income.
Single Family
Built in 1955
1.86 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
No similar rental properties found nearby.
Nearby investment properties with comparable prices