300 Main StCanaanME04924
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
Investment property for sale in Canaan at 300 Main St, Canaan, ME, 04924 at $115,900 posts ROI 70.78% with $1,629/mo cash flow from $2,418/mo rent. Total monthly income equals $2,418/mo, and annual cash flow records $19,546/yr on $38,421 to close. Return on cash invested measures 70.78% and rental yield reads 25.04% at the current $115,900. Equity gained on principal adds $748/yr, and 5% annual appreciation supports $32,021 by year five. Five-year ROI prints 376.49% and total cumulative return in cash totals $144,652.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,418/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
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