19 Mill StreetSpringvaleME04083
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
Investment Highlights
Investment property for sale in Springvale at 19 Mill Street, Springvale, ME, 04083 uses $115,992 cash to close to unlock $2,992/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $2,458/mo, and a $1,713/mo payment keeps the spread at $249/mo. Purchase price stands at $349,900, and rental yield measures 8.43% with $2,458/mo rent. Return on cash invested shows 22.49% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 116.86% and total cumulative return in cash records $135,546. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,458/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1923
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04083, Springvale, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,114 (100%) |
| Owner Occupied HU | 1,318 (62.3%) |
| Renter Occupied HU | 666 (31.5%) |
| Vacant Housing Units | 130 ( 6.1%) |
| Median Home Value | $416,379 |
| Average Home Value | $426,354 |
Housing Distribution
Address Breakdown
Residential
2,002
Single Family
1,904
Multi-Family
98
Businesses
159
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Allied Real Estate
Mls Name: Maine Listings
Mls ID: #1645711