299 Minot AvenueAuburnME04210
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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
Investment property for sale in Auburn at 299 Minot Avenue, Auburn, ME, 04210 uses $142,512 cash to close to unlock $17,436/yr annual cash flow and $1,453/mo monthly cash flow. Total monthly income runs $4,166/mo, and a $2,104/mo payment keeps the spread at $1,453/mo. Purchase price stands at $429,900, and rental yield measures 11.63% with $4,166/mo rent. Return on cash invested shows 32.14% in year one, and 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 168.61% and total cumulative return in cash records $240,283. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,166/mo property income covering a $2,104/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04210, Auburn, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,291 (100%) |
| Owner Occupied HU | 6,134 (54.3%) |
| Renter Occupied HU | 4,164 (36.9%) |
| Vacant Housing Units | 993 ( 8.8%) |
| Median Home Value | $327,935 |
| Average Home Value | $356,014 |
Housing Distribution
Address Breakdown
Residential
10,631
Single Family
9,471
Multi-Family
1,160
Businesses
876
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