19 Pine StreetEast MillinocketME04430
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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 East Millinocket at 19 Pine Street, East Millinocket, ME, 04430 uses $67,958 cash to close to unlock $1,963/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,457/mo, and a $1,003/mo payment keeps the spread at $164/mo. Purchase price stands at $205,000, and rental yield measures 8.53% with $1,457/mo rent. Return on cash invested shows 22.8% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 118.51% and total cumulative return in cash records $80,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,457/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04430, East Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 862 (100%) |
| Owner Occupied HU | 576 (66.8%) |
| Renter Occupied HU | 183 (21.2%) |
| Vacant Housing Units | 103 (11.9%) |
| Median Home Value | $70,556 |
| Average Home Value | $109,588 |
Housing Distribution
Address Breakdown
Residential
765
Single Family
752
Multi-Family
13
Businesses
50
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Listed by: N/A • North Woods Real Estate, LLC
Mls Name: Maine Listings
Mls ID: #1639917