2 Fairview AveHoultonME04730
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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 Houlton at 2 Fairview Ave, Houlton, ME, 04730 generates $1,537/mo in rent and, after a $989/mo payment, leaves $262/mo in cash flow. Total monthly income is $1,537/mo, and annual cash flow is $3,142/yr on $66,963 invested. Return on cash invested sits at 24.6% in year one, and rental yield is 9.13% on a $202,000 entry. Equity gained on principal adds $1,303/yr, while 5% annual appreciation builds toward $55,809 over five years. Five-year ROI reaches 128.17% and total cumulative return in cash sums $85,824. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,537/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04730, Houlton, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,799 (100%) |
| Owner Occupied HU | 2,836 (59.1%) |
| Renter Occupied HU | 1,260 (26.3%) |
| Vacant Housing Units | 703 (14.6%) |
| Median Home Value | $164,423 |
| Average Home Value | $216,767 |
Housing Distribution
Address Breakdown
Residential
3,981
Single Family
3,616
Multi-Family
365
Businesses
424
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