2 Chapel RoadOronoME04473
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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 Orono at 2 Chapel Road, Orono, ME, 04473 offers $3,055/mo rent that, after a $1,957/mo payment, leaves $531/mo cash flow. Total monthly income is $3,055/mo, and annual cash flow is $6,378/yr on $132,567 cash. Return on cash invested measures 24.72% in year one, and rental yield stands at 9.17% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 128.82% and total cumulative return in cash reaches $170,768. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,055/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04473, Orono, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,854 (100%) |
| Owner Occupied HU | 1,396 (36.2%) |
| Renter Occupied HU | 2,039 (52.9%) |
| Vacant Housing Units | 419 (10.9%) |
| Median Home Value | $333,333 |
| Average Home Value | $351,250 |
Housing Distribution
Address Breakdown
Residential
3,358
Single Family
3,054
Multi-Family
304
Businesses
198
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