230 Beaver Ridge RoadPalermoME04354
Nearby investment properties with comparable rents
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
Investment property for sale in Palermo at 230 Beaver Ridge Road, Palermo, ME, 04354 at $159,900 posts ROI 35.54% with $690/mo cash flow from $1,700/mo rent. Total monthly income equals $1,700/mo, and annual cash flow records $8,286/yr on $53,007 to close. Return on cash invested measures 35.54% and rental yield reads 12.76% at the current $159,900. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 by year five. Five-year ROI prints 186.87% and total cumulative return in cash totals $99,054.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,700/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
7.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04354, Palermo, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 945 (100%) |
| Owner Occupied HU | 597 (63.2%) |
| Renter Occupied HU | 60 ( 6.3%) |
| Vacant Housing Units | 288 (30.5%) |
| Median Home Value | $332,415 |
| Average Home Value | $353,354 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
20
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Nearby investment properties with comparable prices
Listed by: N/A • Coldwell Banker Plourde Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1600589
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782