296 Laing Hill RoadPalmyraME04965
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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 Palmyra at 296 Laing Hill Road, Palmyra, ME, 04965 priced at $189,900 pairs $1,446/mo rent with $248/mo cash flow after a $929/mo payment. Total monthly income equals $1,446/mo, and annual cash flow comes to $2,976/yr on $62,952 invested. Return on cash invested is 24.64% in year one, and rental yield stands at 9.14% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 128.33% and total cumulative return in cash reaches $80,789. For financing, Ziffy Mortgage’s DSCR program evaluates $1,446/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04965, Palmyra, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 983 (100%) |
| Owner Occupied HU | 727 (74.0%) |
| Renter Occupied HU | 133 (13.5%) |
| Vacant Housing Units | 123 (12.5%) |
| Median Home Value | $171,013 |
| Average Home Value | $211,881 |
Housing Distribution
Address Breakdown
Residential
833
Single Family
833
Multi-Family
0
Businesses
38
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