244 S Main StreetMachiasME04654
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 244 S Main Street, Machias, ME, 04654 in Machias: $1,020/mo in rent, $231/mo in net income, 9.79% gross yield, 1.81 DSCR, all at $125,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $34,535 in appreciation and $1,151/yr in principal paydown projects total cumulative return of $62,347.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 8.5% |
| Monthly Cash Flow | $231 | $350 |
City averages based on Machias market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,020 |
| Total Monthly Debt Service | $739 |
| DSCR Ratio | 1.38x |
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.
Single Family
Built in 2018
45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04654, Machias, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,890 (100%) |
| Owner Occupied HU | 917 (48.5%) |
| Renter Occupied HU | 408 (21.6%) |
| Vacant Housing Units | 565 (29.9%) |
| Median Home Value | $147,135 |
| Average Home Value | $184,935 |
Housing Distribution
Address Breakdown
Residential
1,448
Single Family
1,302
Multi-Family
146
Businesses
213
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
Single Family
Built in 2018
45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04654, Machias, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,890 (100%) |
| Owner Occupied HU | 917 (48.5%) |
| Renter Occupied HU | 408 (21.6%) |
| Vacant Housing Units | 565 (29.9%) |
| Median Home Value | $147,135 |
| Average Home Value | $184,935 |
Housing Distribution
Address Breakdown
Residential
1,448
Single Family
1,302
Multi-Family
146
Businesses
213
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices