242 Medway RoadMattawamkeagME04459
Nearby investment properties with comparable rents
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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
Rental property for sale in Mattawamkeag at 242 Medway Road, Mattawamkeag, ME, 04459 priced at $134,900 converts $1,050/mo rent into $199/mo cash flow after a $660/mo obligation. Total monthly income equals $1,050/mo, and annual cash flow totals $2,387/yr on $44,719 invested. Return on cash invested prints 25.25% in year one, and rental yield reads 9.34% against a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation compiles into $37,270 by year five. Five-year ROI reaches 131.63% and total cumulative return in cash sums $58,865. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,050/mo property income covering a $660/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04459, Mattawamkeag, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 464 (100%) |
| Owner Occupied HU | 260 (56.0%) |
| Renter Occupied HU | 50 (10.8%) |
| Vacant Housing Units | 154 (33.2%) |
| Median Home Value | $72,667 |
| Average Home Value | $91,615 |
Housing Distribution
Address Breakdown
Residential
281
Single Family
281
Multi-Family
0
Businesses
12
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Listed by: N/A • Acres Away, Inc.
Mls Name: Maine Listings
Mls ID: #1636798