3 Malo StLewistonME04240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lewiston at 3 Malo St, Lewiston, ME, 04240 offers $2,998/mo rent that, after a $1,752/mo payment, leaves $739/mo cash flow. Total monthly income is $2,998/mo, and annual cash flow is $8,866/yr on $118,677 cash. Return on cash invested measures 27.38% in year one, and rental yield stands at 10.05% at a $358,000 entry. Equity gained on principal adds $2,310/yr while 5% annual appreciation compounds into $98,909 by year five. Five-year ROI records 143.06% and total cumulative return in cash reaches $169,782. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,998/mo property income versus a $1,752/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04240, Lewiston, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,772 (46.1%) |
| Renter Occupied HU | 7,750 (46.0%) |
| Vacant Housing Units | 1,338 ( 7.9%) |
| Median Home Value | $245,673 |
| Average Home Value | $272,189 |
Housing Distribution
Address Breakdown
Residential
15,582
Single Family
13,292
Multi-Family
2,290
Businesses
1,153
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices