244 Main StreetHopeME04847
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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 Hope at 244 Main Street, Hope, ME, 04847 with 5% annual appreciation on a $180,000 basis while $1,376/mo rent supports operations. Total monthly income totals $1,376/mo and a $881/mo payment preserves $240/mo for cash returns. Annual cash flow comes to $2,880/yr on $59,670 deployed, and return on cash invested reaches 24.74% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 9.17%. Five-year ROI measures 128.88% and total cumulative return in cash totals $76,901.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,376/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1970
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04847, Hope, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 622 (67.1%) |
| Renter Occupied HU | 89 ( 9.6%) |
| Vacant Housing Units | 216 (23.3%) |
| Median Home Value | $401,802 |
| Average Home Value | $448,971 |
Housing Distribution
Address Breakdown
Residential
727
Single Family
727
Multi-Family
0
Businesses
16
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