244 Hiram Hill RdHiramME04041
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.02% yield at 244 Hiram Hill Rd, Hiram, ME, 04041 in Hiram is solid, but the $1,311/mo payment compresses net cash flow to $110/mo at $291,600. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $80,564 by year five, and $2,686/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.49) without U.S. income documentation. Total projected return: $117,798.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 7.0% |
| Monthly Cash Flow | $110 | $450 |
City averages based on Hiram market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,950 |
| Total Monthly Debt Service | $1,724 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices