289 19th Avenue #8MadawaskaME04756
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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 Madawaska at 289 19th Avenue #8, Madawaska, ME, 04756 listed at $199,000 pairs $1,509/mo rent with a $974/mo payment to leave $253/mo cash flow. Total monthly income runs $1,509/mo, and annual cash flow reaches $3,037/yr on $65,969 cash to close. Return on cash invested measures 24.51% in year one, and rental yield registers 9.1% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 127.76% and total cumulative return in cash totals $84,282. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,509/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04756, Madawaska, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,871 (100%) |
| Owner Occupied HU | 1,103 (59.0%) |
| Renter Occupied HU | 511 (27.3%) |
| Vacant Housing Units | 257 (13.7%) |
| Median Home Value | $156,032 |
| Average Home Value | $170,884 |
Housing Distribution
Address Breakdown
Residential
1,604
Single Family
1,469
Multi-Family
135
Businesses
165
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