306 Lemon Stream RdNew PortlandME04961
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 New Portland at 306 Lemon Stream Rd, New Portland, ME, 04961 priced at $196,700 pairs $2,180/mo rent with $925/mo cash flow after a $963/mo payment. Total monthly income equals $2,180/mo, and annual cash flow comes to $11,103/yr on $65,206 invested. Return on cash invested is 36.94% in year one, and rental yield stands at 13.3% on a $196,700 basis. Equity gained on principal adds $1,269/yr, and 5% annual appreciation accumulates to $54,345 by year five. Five-year ROI measures 194.45% and total cumulative return in cash reaches $126,796. For financing, Ziffy Mortgage’s DSCR program evaluates $2,180/mo property income against a $963/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
7.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04961, North New Portland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 815 (100%) |
| Owner Occupied HU | 430 (52.8%) |
| Renter Occupied HU | 40 ( 4.9%) |
| Vacant Housing Units | 345 (42.3%) |
| Median Home Value | $167,672 |
| Average Home Value | $197,767 |
Housing Distribution
Address Breakdown
Residential
399
Single Family
399
Multi-Family
0
Businesses
11
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Listed by: N/A • N/A
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