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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Warren at 1506 Atlantic Highway, Warren, ME, 04864 priced at $464,900 converts $3,886/mo rent into $952/mo cash flow after a $2,275/mo obligation. Total monthly income equals $3,886/mo, and annual cash flow totals $11,429/yr on $154,114 invested. Return on cash invested prints 27.32% in year one, and rental yield reads 10.03% against a $464,900 entry. Equity gained on principal adds $3,000/yr, while 5% annual appreciation compiles into $128,443 by year five. Five-year ROI reaches 142.77% and total cumulative return in cash sums $220,036. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,886/mo property income covering a $2,275/mo payment, not borrower’s personal income.
Single Family
Built in 1850
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04864, Warren, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,939 (100%) |
| Owner Occupied HU | 1,383 (71.3%) |
| Renter Occupied HU | 290 (15.0%) |
| Vacant Housing Units | 266 (13.7%) |
| Median Home Value | $279,835 |
| Average Home Value | $295,201 |
Residential
1,607
Single Family
1,607
Multi-Family
0
Businesses
102
Date | Event | Price |
|---|---|---|
| 2024-08-28 | Listed for sale | $464,900 |
| 2024-02-24 | Listing removed | N/A |
| 2023-08-28 | Listed for sale | $499,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-15 | $2606.00 | 5.25% | $130,300 | N/A |
| 2020-10-15 | $2476.00 | -7.20% | $130,300 | -6.73% |
| 2019-10-15 | $2668.00 | 4.34% | $139,700 | N/A |
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1601877
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
