2584 Main StreetHanoverME04237
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
Investment Highlights
Investment property for sale in Hanover at 2584 Main Street, Hanover, ME, 04237 offers a 18.87% rental yield on a $130,000 purchase with $2,044/mo rent. Total monthly income registers $2,044/mo, and a $636/mo payment leaves $1,207/mo available for distribution. Annual cash flow reaches $14,479/yr on $43,095 to close, and return on cash invested stands at 53.51% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 283.42% and total cumulative return in cash at $122,139. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,044/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04237, Hanover, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 265 (100%) |
| Owner Occupied HU | 105 (39.6%) |
| Renter Occupied HU | 27 (10.2%) |
| Vacant Housing Units | 133 (50.2%) |
| Median Home Value | $391,667 |
| Average Home Value | $418,690 |
Housing Distribution
Address Breakdown
Residential
55
Single Family
55
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Maine Street Realty, Inc.
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1601240
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782