17 Harmon's Corner RoadAuburnME04210
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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 Auburn at 17 Harmon's Corner Road, Auburn, ME, 04210 uses $94,478 cash to close to unlock $5,919/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $2,292/mo, and a $1,395/mo payment keeps the spread at $493/mo. Purchase price stands at $285,000, and rental yield measures 9.65% with $2,292/mo rent. Return on cash invested shows 26.17% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 136.62% and total cumulative return in cash records $129,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,292/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
2.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04210, Auburn, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,291 (100%) |
| Owner Occupied HU | 6,134 (54.3%) |
| Renter Occupied HU | 4,164 (36.9%) |
| Vacant Housing Units | 993 ( 8.8%) |
| Median Home Value | $327,935 |
| Average Home Value | $356,014 |
Housing Distribution
Address Breakdown
Residential
10,631
Single Family
9,471
Multi-Family
1,160
Businesses
876
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