30 Spruce StreetEast MillinocketME04430
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 East Millinocket at 30 Spruce Street, East Millinocket, ME, 04430 offers $1,184/mo rent that, after a $832/mo payment, leaves $111/mo cash flow. Total monthly income is $1,184/mo, and annual cash flow is $1,336/yr on $56,322 cash. Return on cash invested measures 22.28% in year one, and rental yield stands at 8.36% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 115.78% and total cumulative return in cash reaches $65,210. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,184/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04430, East Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 862 (100%) |
| Owner Occupied HU | 576 (66.8%) |
| Renter Occupied HU | 183 (21.2%) |
| Vacant Housing Units | 103 (11.9%) |
| Median Home Value | $70,556 |
| Average Home Value | $109,588 |
Housing Distribution
Address Breakdown
Residential
765
Single Family
752
Multi-Family
13
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • EXP Realty
Mls Name: Maine Listings
Mls ID: #1634602