197 Ferry RoadLewistonME04240
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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 Lewiston at 197 Ferry Road, Lewiston, ME, 04240 offers a 9.51% rental yield on a $464,900 purchase with $3,683/mo rent. Total monthly income registers $3,683/mo, and a $2,275/mo payment leaves $749/mo available for distribution. Annual cash flow reaches $8,993/yr on $154,114 to close, and return on cash invested stands at 25.74% in year one. Equity gained on principal adds $3,000/yr while 5% annual appreciation supports $128,443 over five years. Portfolio math shows five-year ROI at 134.29% and total cumulative return in cash at $206,968. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,683/mo property income against a $2,275/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04240, Lewiston, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,772 (46.1%) |
| Renter Occupied HU | 7,750 (46.0%) |
| Vacant Housing Units | 1,338 ( 7.9%) |
| Median Home Value | $245,673 |
| Average Home Value | $272,189 |
Housing Distribution
Address Breakdown
Residential
15,582
Single Family
13,292
Multi-Family
2,290
Businesses
1,153
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