184 Water StHallowellME04347
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 184 Water St, Hallowell, ME, 04347 in Hallowell hard to pass up. The 20.83% gross yield on a $159,800 purchase results in $2,774/mo in rent and $1,632/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.86). Annual cash flow of $19,584, five-year appreciation of $44,150, and $1,472/yr in equity build-up combine for a projected total cumulative return of $166,246.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.8% | 7.5% |
| Monthly Cash Flow | $1,632 | $600 |
City averages based on Hallowell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,774 |
| Total Monthly Debt Service | $1,079 |
| DSCR Ratio | 2.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1800
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04347, Hallowell, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 765 (52.9%) |
| Renter Occupied HU | 534 (36.9%) |
| Vacant Housing Units | 148 (10.2%) |
| Median Home Value | $296,115 |
| Average Home Value | $294,373 |
Housing Distribution
Address Breakdown
Residential
1,486
Single Family
1,171
Multi-Family
315
Businesses
193
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
Single Family
Built in 1800
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04347, Hallowell, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 765 (52.9%) |
| Renter Occupied HU | 534 (36.9%) |
| Vacant Housing Units | 148 (10.2%) |
| Median Home Value | $296,115 |
| Average Home Value | $294,373 |
Housing Distribution
Address Breakdown
Residential
1,486
Single Family
1,171
Multi-Family
315
Businesses
193
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices