2 Hogan StreetHoultonME04730
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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
Investment property for sale in Houlton at 2 Hogan Street, Houlton, ME, 04730 uses $111,053 cash to close to unlock $9,917/yr annual cash flow and $826/mo monthly cash flow. Total monthly income runs $2,941/mo, and a $1,640/mo payment keeps the spread at $826/mo. Purchase price stands at $335,000, and rental yield measures 10.53% with $2,941/mo rent. Return on cash invested shows 28.84% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 150.91% and total cumulative return in cash records $167,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,941/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.26 Acres 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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