195 Knox StreetMillinocketME04462
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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 Millinocket at 195 Knox Street, Millinocket, ME, 04462 uses $41,106 cash to close to unlock $1,804/yr annual cash flow and $150/mo monthly cash flow. Total monthly income runs $933/mo, and a $607/mo payment keeps the spread at $150/mo. Purchase price stands at $124,000, and rental yield measures 9.03% with $933/mo rent. Return on cash invested shows 24.3% in year one, and 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 126.62% and total cumulative return in cash records $52,047. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $933/mo property income covering a $607/mo payment rather than investor’s personal income.
Single Family
Built in 1947
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04462, Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,542 (58.9%) |
| Renter Occupied HU | 539 (20.6%) |
| Vacant Housing Units | 538 (20.5%) |
| Median Home Value | $91,538 |
| Average Home Value | $170,131 |
Housing Distribution
Address Breakdown
Residential
2,484
Single Family
2,361
Multi-Family
123
Businesses
198
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Listed by: N/A • Berkshire Hathaway HomeServices Northeast Real Estate
Mls Name: Maine Listings
Mls ID: #1637657