16 Downes StreetCalaisME04619
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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 Calais at 16 Downes Street, Calais, ME, 04619 uses $46,410 cash to close to unlock $2,432/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,086/mo, and a $685/mo payment keeps the spread at $203/mo. Purchase price stands at $140,000, and rental yield measures 9.31% with $1,086/mo rent. Return on cash invested shows 25.15% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 131.11% and total cumulative return in cash records $60,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,086/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1851
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04619, Calais, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,689 (100%) |
| Owner Occupied HU | 824 (48.8%) |
| Renter Occupied HU | 520 (30.8%) |
| Vacant Housing Units | 345 (20.4%) |
| Median Home Value | $151,974 |
| Average Home Value | $178,331 |
Housing Distribution
Address Breakdown
Residential
1,398
Single Family
1,352
Multi-Family
46
Businesses
247
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