246 Main StreetVan BurenME04785
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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
Rental property for sale in Van Buren at 246 Main Street, Van Buren, ME, 04785 priced at $275,000 pairs $910/mo rent with after a $1,346/mo payment. Total monthly income equals $910/mo. Return on cash invested is 9.04% in year one, and rental yield stands at 3.97% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 44.75% and total cumulative return in cash reaches $40,799. For financing, Ziffy Mortgage’s DSCR program evaluates $910/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1895
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04785, Van Buren, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,294 (100%) |
| Owner Occupied HU | 736 (56.9%) |
| Renter Occupied HU | 337 (26.0%) |
| Vacant Housing Units | 221 (17.1%) |
| Median Home Value | $113,710 |
| Average Home Value | $139,310 |
Housing Distribution
Address Breakdown
Residential
1,054
Single Family
1,031
Multi-Family
23
Businesses
85
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