297 Long Beach AvenueYorkME03909
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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 York at 297 Long Beach Avenue, York, ME, 03909 generates $3,433/mo in rent, after a $5,629/mo payment. Total monthly income is $3,433/mo. Return on cash invested sits at 8.05% in year one, and rental yield is 3.58% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 39.31% and total cumulative return in cash sums $146,481. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,433/mo property income rather than buyer’s personal income.
Multi Family
Built in 1875
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03909, York, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,891 (100%) |
| Owner Occupied HU | 4,276 (54.2%) |
| Renter Occupied HU | 783 ( 9.9%) |
| Vacant Housing Units | 2,832 (35.9%) |
| Median Home Value | $644,778 |
| Average Home Value | $741,313 |
Housing Distribution
Address Breakdown
Residential
4,734
Single Family
4,531
Multi-Family
203
Businesses
474
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