19 Evergreen LaneNewryME04261
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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 Newry at 19 Evergreen Lane, Newry, ME, 04261 priced at $1,750,000 converts $5,040/mo rent into after a $8,565/mo obligation. Total monthly income equals $5,040/mo. Return on cash invested prints 7.66% in year one, and rental yield reads 3.46% against a $1,750,000 entry. Equity gained on principal adds $11,292/yr, while 5% annual appreciation compiles into $483,493 by year five. Five-year ROI reaches 37.23% and total cumulative return in cash sums $211,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,040/mo property income covering a $8,565/mo payment, not borrower’s personal income.
Single Family
Built in 2025
4.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04261, Newry, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 199 (12.3%) |
| Renter Occupied HU | 36 ( 2.2%) |
| Vacant Housing Units | 1,380 (85.4%) |
| Median Home Value | $321,429 |
| Average Home Value | $371,319 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
31
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