2 Watson AvenueHoultonME04730
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Watson Avenue, Houlton, ME, 04730 offers $1,680/mo rent that, after a $1,341/mo payment. Total monthly income is $1,680/mo. Return on cash invested measures 19.26% in year one, and rental yield stands at 7.36% at a $273,900 entry. Equity gained on principal adds $1,767/yr while 5% annual appreciation compounds into $75,674 by year five. Five-year ROI records 99.53% and total cumulative return in cash reaches $90,374. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,680/mo property income versus a $1,341/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,791 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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