24 Oak St StreetWatervilleME04901
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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 Waterville at 24 Oak St Street, Waterville, ME, 04901 earns $168/mo cash flow from $1,620/mo rent with a $1,126/mo payment. Total monthly income totals $1,620/mo, and annual cash flow totals $2,018/yr on $76,245 capital. ROI tracks 22.56% on current figures, and rental yield reads 8.45% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 117.25% and total cumulative return in cash sums $89,395. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,620/mo property income instead of your personal income.
Single Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04901, Waterville, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,740 (100%) |
| Owner Occupied HU | 7,081 (55.6%) |
| Renter Occupied HU | 4,624 (36.3%) |
| Vacant Housing Units | 1,035 ( 8.1%) |
| Median Home Value | $219,128 |
| Average Home Value | $243,970 |
Housing Distribution
Address Breakdown
Residential
11,552
Single Family
10,471
Multi-Family
1,081
Businesses
922
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Listed by: N/A • Hearth & Key Realty
Mls Name: Maine Listings
Mls ID: #1635156