297 Norris Hill RoadMonmouthME04259
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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 Monmouth at 297 Norris Hill Road, Monmouth, ME, 04259 priced at $350,000 pairs $2,267/mo rent with $58/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,267/mo, and annual cash flow comes to $698/yr on $116,025 invested. Return on cash invested is 20.51% in year one, and rental yield stands at 7.77% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 106.24% and total cumulative return in cash reaches $123,266. For financing, Ziffy Mortgage’s DSCR program evaluates $2,267/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2011
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04259, Monmouth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,709 (100%) |
| Owner Occupied HU | 1,137 (66.5%) |
| Renter Occupied HU | 156 ( 9.1%) |
| Vacant Housing Units | 416 (24.3%) |
| Median Home Value | $310,430 |
| Average Home Value | $348,881 |
Housing Distribution
Address Breakdown
Residential
1,286
Single Family
1,252
Multi-Family
34
Businesses
72
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