29 North StreetEast MillinocketME04430
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow29 North Street, East Millinocket, ME, 04430 in East Millinocket is a top-tier cash-flow asset. At $130,000 it produces $1,886/mo in rent and $1,066/mo in net monthly income, a 17.41% gross rental yield. The DSCR of 3.22 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $12,791. Five-year appreciation adds $35,917, driving a total cumulative return of $117,905.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.4% | 7.0% |
| Monthly Cash Flow | $1,066 | $300 |
City averages based on East Millinocket market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,886 |
| Total Monthly Debt Service | $769 |
| DSCR Ratio | 2.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04430, East Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 862 (100%) |
| Owner Occupied HU | 576 (66.8%) |
| Renter Occupied HU | 183 (21.2%) |
| Vacant Housing Units | 103 (11.9%) |
| Median Home Value | $70,556 |
| Average Home Value | $109,588 |
Housing Distribution
Address Breakdown
Residential
765
Single Family
752
Multi-Family
13
Businesses
50
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
Single Family
Built in 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04430, East Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 862 (100%) |
| Owner Occupied HU | 576 (66.8%) |
| Renter Occupied HU | 183 (21.2%) |
| Vacant Housing Units | 103 (11.9%) |
| Median Home Value | $70,556 |
| Average Home Value | $109,588 |
Housing Distribution
Address Breakdown
Residential
765
Single Family
752
Multi-Family
13
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices