242 Minturn RdSwans IslandME04685
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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 Swans Island at 242 Minturn Rd, Swans Island, ME, 04685 uses $99,450 cash to close to unlock $3,720/yr annual cash flow and $310/mo monthly cash flow. Total monthly income runs $2,203/mo, and a $1,468/mo payment keeps the spread at $310/mo. Purchase price stands at $299,999, and rental yield measures 8.81% with $2,203/mo rent. Return on cash invested shows 23.65% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 123.05% and total cumulative return in cash records $122,376. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,203/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04685, Swans Island, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 476 (100%) |
| Owner Occupied HU | 131 (27.5%) |
| Renter Occupied HU | 33 ( 6.9%) |
| Vacant Housing Units | 312 (65.5%) |
| Median Home Value | $389,535 |
| Average Home Value | $462,328 |
Housing Distribution
Address Breakdown
Residential
121
Single Family
121
Multi-Family
0
Businesses
16
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Listed by: N/A • N/A
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