240 Rankin StreetRocklandME04841
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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 Rockland at 240 Rankin Street, Rockland, ME, 04841 with 5% annual appreciation on a $545,000 basis while $2,804/mo rent supports operations. 8% in year one. Equity gained on principal adds $3,517/yr, and five-year appreciation sums $150,573 alongside rental yield of 6.17%. Five-year ROI measures 80.95% and total cumulative return in cash totals $145,152. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,804/mo property income versus a $2,668/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04841, Rockland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,077 (100%) |
| Owner Occupied HU | 2,017 (49.5%) |
| Renter Occupied HU | 1,533 (37.6%) |
| Vacant Housing Units | 527 (12.9%) |
| Median Home Value | $278,434 |
| Average Home Value | $370,031 |
Housing Distribution
Address Breakdown
Residential
3,573
Single Family
3,344
Multi-Family
229
Businesses
628
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