244 Hiram Hill RdHiramME04041
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 Hiram at 244 Hiram Hill Rd, Hiram, ME, 04041 offers a 8.02% rental yield on a $291,600 purchase with $1,950/mo rent. Total monthly income registers $1,950/mo, and a $1,427/mo payment leaves $110/mo available for distribution. Annual cash flow reaches $1,319/yr on $96,665 to close, and return on cash invested stands at 21.27% in year one. Equity gained on principal adds $1,882/yr while 5% annual appreciation supports $80,564 over five years. Portfolio math shows five-year ROI at 110.31% and total cumulative return in cash at $106,635. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,950/mo property income against a $1,427/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in N/A
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04041, Hiram, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 893 (100%) |
| Owner Occupied HU | 568 (63.6%) |
| Renter Occupied HU | 101 (11.3%) |
| Vacant Housing Units | 224 (25.1%) |
| Median Home Value | $232,941 |
| Average Home Value | $465,643 |
Housing Distribution
Address Breakdown
Residential
694
Single Family
694
Multi-Family
0
Businesses
25
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