27 Court Street #1BelfastME04915
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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 Belfast at 27 Court Street #1, Belfast, ME, 04915 priced at $330,000 converts $2,280/mo rent into $198/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,280/mo, and annual cash flow totals $2,370/yr on $109,395 invested. Return on cash invested prints 22.08% in year one, and rental yield reads 8.29% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 114.63% and total cumulative return in cash sums $125,399. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,280/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Condo
Built in 1824
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04915, Belfast, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,083 (100%) |
| Owner Occupied HU | 2,979 (58.6%) |
| Renter Occupied HU | 1,313 (25.8%) |
| Vacant Housing Units | 791 (15.6%) |
| Median Home Value | $320,681 |
| Average Home Value | $355,074 |
Housing Distribution
Address Breakdown
Residential
4,627
Single Family
4,360
Multi-Family
267
Businesses
614
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