161-163 Main StreetHopeME04847
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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
Rental property for sale in Hope at 161-163 Main Street, Hope, ME, 04847 generates $3,209/mo in rent and, after a $1,958/mo payment, leaves $684/mo in cash flow. Total monthly income is $3,209/mo, and annual cash flow is $8,212/yr on $132,600 invested. Return on cash invested sits at 26.1% in year one, and rental yield is 9.63% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 136.23% and total cumulative return in cash sums $180,640. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,209/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04847, Hope, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 622 (67.1%) |
| Renter Occupied HU | 89 ( 9.6%) |
| Vacant Housing Units | 216 (23.3%) |
| Median Home Value | $401,802 |
| Average Home Value | $448,971 |
Housing Distribution
Address Breakdown
Residential
727
Single Family
727
Multi-Family
0
Businesses
16
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