224 Western AveHampdenME04444
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Nearby investment properties with comparable prices
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 Hampden at 224 Western Ave, Hampden, ME, 04444 priced at $301,700 pairs $2,484/mo rent with $580/mo cash flow after a $1,477/mo payment. Total monthly income equals $2,484/mo, and annual cash flow comes to $6,955/yr on $100,014 invested. Return on cash invested is 26.86% in year one, and rental yield stands at 9.88% on a $301,700 basis. Equity gained on principal adds $1,947/yr, and 5% annual appreciation accumulates to $83,354 by year five. Five-year ROI measures 140.3% and total cumulative return in cash reaches $140,322. For financing, Ziffy Mortgage’s DSCR program evaluates $2,484/mo property income against a $1,477/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04444, Hampden, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,267 (100%) |
| Owner Occupied HU | 3,328 (78.0%) |
| Renter Occupied HU | 721 (16.9%) |
| Vacant Housing Units | 218 ( 5.1%) |
| Median Home Value | $367,032 |
| Average Home Value | $397,760 |
Housing Distribution
Address Breakdown
Residential
3,960
Single Family
3,910
Multi-Family
50
Businesses
240
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