215 Houlton StreetPattenME04765
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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 Patten at 215 Houlton Street, Patten, ME, 04765 uses $81,218 cash to close to unlock $1,967/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,710/mo, and a $1,199/mo payment keeps the spread at $164/mo. Purchase price stands at $245,000, and rental yield measures 8.38% with $1,710/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 115.98% and total cumulative return in cash records $94,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,710/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04765, Patten, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 929 (100%) |
| Owner Occupied HU | 426 (45.9%) |
| Renter Occupied HU | 93 (10.0%) |
| Vacant Housing Units | 410 (44.1%) |
| Median Home Value | $213,333 |
| Average Home Value | $259,577 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
283
Multi-Family
35
Businesses
56
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