2 Byram StreetEastportME04631
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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
Rental property for sale in Eastport at 2 Byram Street, Eastport, ME, 04631 priced at $125,000 converts $1,004/mo rent into $215/mo cash flow after a $612/mo obligation. Total monthly income equals $1,004/mo, and annual cash flow totals $2,579/yr on $41,438 invested. Return on cash invested prints 26.13% in year one, and rental yield reads 9.64% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 136.38% and total cumulative return in cash sums $56,513. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,004/mo property income covering a $612/mo payment, not borrower’s personal income.
Manufactured
Built in 1990
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04631, Eastport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,067 (100%) |
| Owner Occupied HU | 482 (45.2%) |
| Renter Occupied HU | 160 (15.0%) |
| Vacant Housing Units | 425 (39.8%) |
| Median Home Value | $190,144 |
| Average Home Value | $221,795 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
599
Multi-Family
68
Businesses
89
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