2509 Essex StreetOronoME04473
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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
Investment property for sale in Orono at 2509 Essex Street, Orono, ME, 04473 offers a 9.21% rental yield on a $169,900 purchase with $1,304/mo rent. Total monthly income registers $1,304/mo, and a $832/mo payment leaves $231/mo available for distribution. Annual cash flow reaches $2,776/yr on $56,322 to close, and return on cash invested stands at 24.84% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 129.5% and total cumulative return in cash at $72,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,304/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04473, Orono, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,854 (100%) |
| Owner Occupied HU | 1,396 (36.2%) |
| Renter Occupied HU | 2,039 (52.9%) |
| Vacant Housing Units | 419 (10.9%) |
| Median Home Value | $333,333 |
| Average Home Value | $351,250 |
Housing Distribution
Address Breakdown
Residential
3,358
Single Family
3,054
Multi-Family
304
Businesses
198
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