28 Mill StreetBrewerME04412
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
Rental property for sale in Brewer at 28 Mill Street, Brewer, ME, 04412 priced at $269,900 pairs $1,800/mo rent with $97/mo cash flow after a $1,321/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $1,160/yr on $89,472 invested. Return on cash invested is 21.21% in year one, and rental yield stands at 8% on a $269,900 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,568 by year five. Five-year ROI measures 109.97% and total cumulative return in cash reaches $98,394. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,321/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04412, Brewer, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,511 (100%) |
| Owner Occupied HU | 2,560 (56.8%) |
| Renter Occupied HU | 1,673 (37.1%) |
| Vacant Housing Units | 278 ( 6.2%) |
| Median Home Value | $295,455 |
| Average Home Value | $327,893 |
Housing Distribution
Address Breakdown
Residential
4,313
Single Family
3,944
Multi-Family
369
Businesses
603
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