3 Meagans Way #3WindhamME04062
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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 Windham at 3 Meagans Way #3, Windham, ME, 04062 priced at $345,000 converts $2,712/mo rent into $234/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,712/mo, and annual cash flow totals $2,811/yr on $114,368 invested. Return on cash invested prints 22.37% in year one, and rental yield reads 9.43% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 117.35% and total cumulative return in cash sums $134,212. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,712/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$300 monthly HOA
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Nearby investment properties with comparable prices
Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1616412
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