289 Main StreetCanaanME04924
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 Canaan at 289 Main Street, Canaan, ME, 04924 priced at $129,900 pairs $1,313/mo rent with $493/mo cash flow after a $636/mo payment. Total monthly income equals $1,313/mo, and annual cash flow comes to $5,916/yr on $43,062 invested. Return on cash invested is 33.65% in year one, and rental yield stands at 12.13% on a $129,900 basis. Equity gained on principal adds $838/yr, and 5% annual appreciation accumulates to $35,889 by year five. Five-year ROI measures 176.69% and total cumulative return in cash reaches $76,087. For financing, Ziffy Mortgage’s DSCR program evaluates $1,313/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1850
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04924, Canaan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 844 (69.1%) |
| Renter Occupied HU | 192 (15.7%) |
| Vacant Housing Units | 186 (15.2%) |
| Median Home Value | $171,034 |
| Average Home Value | $220,382 |
Housing Distribution
Address Breakdown
Residential
839
Single Family
839
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices