23 Old Limerick RoadHollis CenterME04042
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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 Hollis Center at 23 Old Limerick Road, Hollis Center, ME, 04042 offers a 8.02% rental yield on a $229,000 purchase with $1,530/mo rent. Total monthly income registers $1,530/mo, and a $1,121/mo payment leaves $85/mo available for distribution. Annual cash flow reaches $1,015/yr on $75,914 to close, and return on cash invested stands at 21.25% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 110.2% and total cumulative return in cash at $83,657. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,530/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1986
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04042, Hollis Center, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,130 (100%) |
| Owner Occupied HU | 1,779 (83.5%) |
| Renter Occupied HU | 274 (12.9%) |
| Vacant Housing Units | 77 ( 3.6%) |
| Median Home Value | $426,845 |
| Average Home Value | $510,866 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
62
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Listed by: N/A • Dream Home Realty LLC
Mls Name: Maine Listings
Mls ID: #1639138