29 Exchange StreetPresque IsleME04769
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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 Presque Isle at 29 Exchange Street, Presque Isle, ME, 04769 offers a 7.98% rental yield on a $214,900 purchase with $1,429/mo rent. Total monthly income registers $1,429/mo, and a $1,052/mo payment leaves $73/mo available for distribution. Annual cash flow reaches $871/yr on $71,239 to close, and return on cash invested stands at 21.13% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 109.58% and total cumulative return in cash at $78,066. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,429/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04769, Presque Isle, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,521 (100%) |
| Owner Occupied HU | 2,368 (52.4%) |
| Renter Occupied HU | 1,667 (36.9%) |
| Vacant Housing Units | 486 (10.7%) |
| Median Home Value | $164,958 |
| Average Home Value | $205,982 |
Housing Distribution
Address Breakdown
Residential
3,994
Single Family
3,464
Multi-Family
530
Businesses
583
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Listed by: N/A • Big Bear Real Estate Company
Mls Name: Maine Listings
Mls ID: #1646005