16 Caron DriveHowlandME04448
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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
Investment property for sale in Howland at 16 Caron Drive, Howland, ME, 04448 listed at $299,000 pairs $1,913/mo rent with a $1,463/mo payment to leave $26/mo cash flow. Total monthly income runs $1,913/mo, and annual cash flow reaches $317/yr on $99,119 cash to close. Return on cash invested measures 20.23% in year one, and rental yield registers 7.68% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 104.73% and total cumulative return in cash totals $103,810. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,913/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04448, Howland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 558 (100%) |
| Owner Occupied HU | 355 (63.6%) |
| Renter Occupied HU | 93 (16.7%) |
| Vacant Housing Units | 110 (19.7%) |
| Median Home Value | $125,735 |
| Average Home Value | $167,514 |
Housing Distribution
Address Breakdown
Residential
180
Single Family
180
Multi-Family
0
Businesses
21
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Listed by: N/A • NextHome Experience
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1623941
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