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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Gray at 2 Birdie Lane, Gray, ME, 04039 priced at $550,000 converts $3,600/mo rent into $129/mo cash flow after a $2,692/mo obligation. Total monthly income equals $3,600/mo, and annual cash flow totals $1,546/yr on $180,950 invested. Return on cash invested prints 20.91% in year one, and rental yield reads 7.85% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 108.35% and total cumulative return in cash sums $196,066. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 2018
1.84 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04039, Gray, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,133 (100%) |
| Owner Occupied HU | 2,977 (72.0%) |
| Renter Occupied HU | 636 (15.4%) |
| Vacant Housing Units | 520 (12.6%) |
| Median Home Value | $384,411 |
| Average Home Value | $424,645 |
Residential
3,394
Single Family
3,350
Multi-Family
44
Businesses
305
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • North Star Realty
Mls Name: Maine Listings
Mls ID: #1632313
