28 W Smith Pond RoadMillinocketME04462
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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 Millinocket at 28 W Smith Pond Road, Millinocket, ME, 04462 with 5% annual appreciation on a $560,000 basis while $2,052/mo rent supports operations. 41% in year one. Equity gained on principal adds $3,614/yr, and five-year appreciation sums $154,718 alongside rental yield of 4.4%. Five-year ROI measures 52.01% and total cumulative return in cash totals $95,825. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,052/mo property income versus a $2,741/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1985
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04462, Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,542 (58.9%) |
| Renter Occupied HU | 539 (20.6%) |
| Vacant Housing Units | 538 (20.5%) |
| Median Home Value | $91,538 |
| Average Home Value | $170,131 |
Housing Distribution
Address Breakdown
Residential
2,484
Single Family
2,361
Multi-Family
123
Businesses
198
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Listed by: N/A • North Woods Real Estate, LLC
Mls Name: Maine Listings
Mls ID: #1643836