196 Fourth StreetOld TownME04468
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 196 Fourth Street, Old Town, ME, 04468 in Old Town deserves attention. This $232,500 property earns $1,980/mo in rent, a 10.22% gross yield, and nets $513/mo after the $1,045/mo payment. DSCR 1.89 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $64,235 compounds alongside $2,141/yr in yearly equity build, for a total cumulative return of $121,311.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 8.0% |
| Monthly Cash Flow | $513 | $500 |
City averages based on Old Town market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,980 |
| Total Monthly Debt Service | $1,375 |
| DSCR Ratio | 1.44x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04468, Old Town, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,815 (100%) |
| Owner Occupied HU | 2,594 (53.9%) |
| Renter Occupied HU | 1,644 (34.1%) |
| Vacant Housing Units | 577 (12.0%) |
| Median Home Value | $218,286 |
| Average Home Value | $246,887 |
Housing Distribution
Address Breakdown
Residential
4,245
Single Family
4,000
Multi-Family
245
Businesses
202
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
Single Family
Built in 1930
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04468, Old Town, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,815 (100%) |
| Owner Occupied HU | 2,594 (53.9%) |
| Renter Occupied HU | 1,644 (34.1%) |
| Vacant Housing Units | 577 (12.0%) |
| Median Home Value | $218,286 |
| Average Home Value | $246,887 |
Housing Distribution
Address Breakdown
Residential
4,245
Single Family
4,000
Multi-Family
245
Businesses
202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices