20 Beech StreetEast 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 20 Beech Street, East Millinocket, ME, 04430 offers $1,992/mo rent that, after a $954/mo payment, leaves $762/mo cash flow. Total monthly income is $1,992/mo, and annual cash flow is $9,141/yr on $64,643 cash. Return on cash invested measures 34.05% in year one, and rental yield stands at 12.26% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 178.86% and total cumulative return in cash reaches $115,618. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,992/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
7,840 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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Listed by: N/A • Portside Real Estate Group
Mls Name: Maine Listings
Mls ID: #1648650