300 Main StCanaanME04924
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 300 Main St, Canaan, ME, 04924 in Canaan: $2,418/mo in rent, $1,629/mo net, 25.04% gross yield, all on a $115,900 acquisition. The 4.64 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $32,021 in value, and $1,067/yr in principal paydown steadily builds equity. Projected total cumulative return: $149,083.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 25% | 6.0% |
| Monthly Cash Flow | $1,629 | $900 |
City averages based on Canaan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,418 |
| Total Monthly Debt Service | $743 |
| DSCR Ratio | 3.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in N/A
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04924, Canaan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 844 (69.1%) |
| Renter Occupied HU | 192 (15.7%) |
| Vacant Housing Units | 186 (15.2%) |
| Median Home Value | $171,034 |
| Average Home Value | $220,382 |
Housing Distribution
Address Breakdown
Residential
839
Single Family
839
Multi-Family
0
Businesses
42
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
Apartment
Built in N/A
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04924, Canaan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 844 (69.1%) |
| Renter Occupied HU | 192 (15.7%) |
| Vacant Housing Units | 186 (15.2%) |
| Median Home Value | $171,034 |
| Average Home Value | $220,382 |
Housing Distribution
Address Breakdown
Residential
839
Single Family
839
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices