29 Merritt Drive, Orono, ME, 04473 | 7.3% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1100 sft

130 Exeter Road, Corinth, ME, 04427

3 Bed
3 Bath
1828 sft

9 Vine Street, Bangor, ME, 04401

3 Bed
2 Bath
1637 sft

5 Cynthia Cir, Bangor, ME, 04401

3 Bed
2 Bath
1890 sft

21 Madison Drive, Levant, ME, 04456

Nearby investment properties with comparable prices

3 Bed
2 Bath
2116 sft

21 Acorn Hill Road, Holden, ME, 04429

Investment Property+ 1 more

4 Bed
4 Bath
2982 sft

41 Kelley Road, Orono, ME, 04473

4 Bed
2 Bath
2551 sft

33 Plaisted Street, Bangor, ME, 04401

3 Bed
2 Bath
1763 sft

50 Pember Road, Levant, ME, 04456

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $3,043/mo, and a $2,447/mo payment. Purchase price stands at $499,900, and rental yield measures 7.3% with $3,043/mo rent. Return on cash invested shows 19.1% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 98.65% and total cumulative return in cash records $163,476. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,043/mo property income covering a $2,447/mo payment rather than investor’s personal income.

Single Family

Built in 2016

2 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 04473, Orono, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,854 (100%)
Owner Occupied HU	1,396 (36.2%)
Renter Occupied HU	2,039 (52.9%)
Vacant Housing Units	419 (10.9%)
Median Home Value	$333,333
Average Home Value	$351,250