205 Elm StreetNewportME04953
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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 Newport at 205 Elm Street, Newport, ME, 04953 at $329,900 posts ROI 22.38% with $226/mo cash flow from $2,308/mo rent. Total monthly income equals $2,308/mo, and annual cash flow records $2,708/yr on $109,362 to close. Return on cash invested measures 22.38% and rental yield reads 8.4% at the current $329,900. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 by year five. Five-year ROI prints 116.28% and total cumulative return in cash totals $127,167.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,308/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04953, Newport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 966 (54.3%) |
| Renter Occupied HU | 444 (24.9%) |
| Vacant Housing Units | 370 (20.8%) |
| Median Home Value | $269,469 |
| Average Home Value | $304,335 |
Housing Distribution
Address Breakdown
Residential
1,499
Single Family
1,449
Multi-Family
50
Businesses
184
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