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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 Hiram at 151 New Settlement Road, Hiram, ME, 04041 offers $2,076/mo rent that, after a $1,566/mo payment, leaves $57/mo cash flow. Total monthly income is $2,076/mo, and annual cash flow is $680/yr on $106,080 cash. Return on cash invested measures 20.55% in year one, and rental yield stands at 7.79% at a $320,000 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,410 by year five. Five-year ROI records 106.45% and total cumulative return in cash reaches $112,923. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,076/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04041, Hiram, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 893 (100%) |
| Owner Occupied HU | 568 (63.6%) |
| Renter Occupied HU | 101 (11.3%) |
| Vacant Housing Units | 224 (25.1%) |
| Median Home Value | $232,941 |
| Average Home Value | $465,643 |
Residential
694
Single Family
694
Multi-Family
0
Businesses
25
Date | Event | Price |
|---|---|---|
| 2024-11-09 | Listed for sale | $320,000 |
| 2018-10-30 | Sold | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | $2037.00 | 0.79% | $138,360 | N/A |
| 2021-11-11 | $2021.00 | 0.45% | $138,360 | N/A |
| 2020-11-11 | $2012.00 | N/A | $138,360 | N/A |
Listed by: N/A • Landing Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1609062
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
