21 Laurel AvenueAuburnME04210
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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 Auburn at 21 Laurel Avenue, Auburn, ME, 04210 generates $2,188/mo in rent, after a $2,247/mo payment. Total monthly income is $2,188/mo. Return on cash invested sits at 14.32% in year one, and rental yield is 5.72% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 73.01% and total cumulative return in cash sums $111,095. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,188/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04210, Auburn, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,291 (100%) |
| Owner Occupied HU | 6,134 (54.3%) |
| Renter Occupied HU | 4,164 (36.9%) |
| Vacant Housing Units | 993 ( 8.8%) |
| Median Home Value | $327,935 |
| Average Home Value | $356,014 |
Housing Distribution
Address Breakdown
Residential
10,631
Single Family
9,471
Multi-Family
1,160
Businesses
876
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