197 Main RoadPhippsburgME04562
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
Rental property for sale in Phippsburg at 197 Main Road, Phippsburg, ME, 04562 priced at $435,000 converts $2,890/mo rent into $145/mo cash flow after a $2,129/mo obligation. Total monthly income equals $2,890/mo, and annual cash flow totals $1,737/yr on $144,203 invested. Return on cash invested prints 21.11% in year one, and rental yield reads 7.97% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 109.45% and total cumulative return in cash sums $157,836. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,890/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Single Family
Built in 1970
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04562, Phippsburg, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,837 (100%) |
| Owner Occupied HU | 897 (48.8%) |
| Renter Occupied HU | 106 ( 5.8%) |
| Vacant Housing Units | 834 (45.4%) |
| Median Home Value | $443,333 |
| Average Home Value | $508,138 |
Housing Distribution
Address Breakdown
Residential
1,010
Single Family
1,010
Multi-Family
0
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Sharon Drake Real Estate, Inc.
Mls Name: Maine Listings
Mls ID: #1640356