2 Western AvenueEast MillinocketME04430
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 East Millinocket at 2 Western Avenue, East Millinocket, ME, 04430 priced at $239,000 converts $1,690/mo rent into $181/mo cash flow after a $1,170/mo obligation. Total monthly income equals $1,690/mo, and annual cash flow totals $2,177/yr on $79,229 invested. Return on cash invested prints 22.66% in year one, and rental yield reads 8.49% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 117.76% and total cumulative return in cash sums $93,300. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,690/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1907
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04430, East Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 862 (100%) |
| Owner Occupied HU | 576 (66.8%) |
| Renter Occupied HU | 183 (21.2%) |
| Vacant Housing Units | 103 (11.9%) |
| Median Home Value | $70,556 |
| Average Home Value | $109,588 |
Housing Distribution
Address Breakdown
Residential
765
Single Family
752
Multi-Family
13
Businesses
50
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Nearby investment properties with comparable prices
Listed by: N/A • Big Bear Real Estate Company
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1620567
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782