224 North Street #107SacoME04072
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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 Saco at 224 North Street #107, Saco, ME, 04072 uses $112,710 cash to close to unlock $7,612/yr annual cash flow and $634/mo monthly cash flow. Total monthly income runs $2,930/mo, and a $1,664/mo payment keeps the spread at $634/mo. Purchase price stands at $340,000, and rental yield measures 10.34% with $2,930/mo rent. Return on cash invested shows 26.66% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 139.83% and total cumulative return in cash records $157,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,930/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04072, Saco, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,169 (100%) |
| Owner Occupied HU | 6,451 (63.4%) |
| Renter Occupied HU | 2,842 (27.9%) |
| Vacant Housing Units | 876 ( 8.6%) |
| Median Home Value | $440,416 |
| Average Home Value | $473,380 |
Housing Distribution
Address Breakdown
Residential
9,563
Single Family
8,876
Multi-Family
687
Businesses
678
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Listed by: N/A • Plowman Realty Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1623370
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782