184 Water StHallowellME04347
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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 Hallowell at 184 Water St, Hallowell, ME, 04347 with 5% annual appreciation on a $159,800 basis while $2,774/mo rent supports operations. Total monthly income totals $2,774/mo and a $782/mo payment preserves $1,632/mo for cash returns. Annual cash flow comes to $19,581/yr on $52,974 deployed, and return on cash invested reaches 56.87% in year one. Equity gained on principal adds $1,031/yr, and five-year appreciation sums $44,150 alongside rental yield of 20.83%. Five-year ROI measures 302.34% and total cumulative return in cash totals $160,163.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,774/mo property income versus a $782/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
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