16 Proulx CourtSpringvaleME04083
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Springvale at 16 Proulx Court, Springvale, ME, 04083 priced at $339,900 converts $2,657/mo rent into $511/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,657/mo, and annual cash flow totals $6,138/yr on $112,677 invested. Return on cash invested prints 25.36% in year one, and rental yield reads 9.38% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 132.23% and total cumulative return in cash sums $148,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,657/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1924
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04083, Springvale, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,114 (100%) |
| Owner Occupied HU | 1,318 (62.3%) |
| Renter Occupied HU | 666 (31.5%) |
| Vacant Housing Units | 130 ( 6.1%) |
| Median Home Value | $416,379 |
| Average Home Value | $426,354 |
Housing Distribution
Address Breakdown
Residential
2,002
Single Family
1,904
Multi-Family
98
Businesses
159
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Listed by: Rebecca Mann • BHG Masiello Dover
Mls Name: PrimeMLS
Mls ID: #5071630