20 Evergreen LaneNewryME04261
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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 Newry at 20 Evergreen Lane, Newry, ME, 04261 priced at $1,549,000 pairs $4,012/mo rent with after a $7,582/mo payment. Total monthly income equals $4,012/mo. Return on cash invested is 6.59% in year one, and rental yield stands at 3.11% on a $1,549,000 basis. Equity gained on principal adds $9,995/yr, and 5% annual appreciation accumulates to $427,960 by year five. Five-year ROI measures 31.47% and total cumulative return in cash reaches $157,931. For financing, Ziffy Mortgage’s DSCR program evaluates $4,012/mo property income against a $7,582/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
1.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04261, Newry, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 199 (12.3%) |
| Renter Occupied HU | 36 ( 2.2%) |
| Vacant Housing Units | 1,380 (85.4%) |
| Median Home Value | $321,429 |
| Average Home Value | $371,319 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
31
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