291 Mic Mac LaneUnionME04862
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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
Rental property for sale in Union at 291 Mic Mac Lane, Union, ME, 04862 generates $2,276/mo in rent, after a $2,154/mo payment. Total monthly income is $2,276/mo. Return on cash invested sits at 15.78% in year one, and rental yield is 6.21% on a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 80.89% and total cumulative return in cash sums $117,982. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,276/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04862, Union, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,073 (100%) |
| Owner Occupied HU | 1,521 (73.4%) |
| Renter Occupied HU | 191 ( 9.2%) |
| Vacant Housing Units | 361 (17.4%) |
| Median Home Value | $318,608 |
| Average Home Value | $347,939 |
Housing Distribution
Address Breakdown
Residential
1,503
Single Family
1,503
Multi-Family
0
Businesses
84
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