31 Gardner StreetPattenME04765
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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 Patten at 31 Gardner Street, Patten, ME, 04765 priced at $177,500 converts $1,377/mo rent into $257/mo cash flow after a $869/mo obligation. Total monthly income equals $1,377/mo, and annual cash flow totals $3,078/yr on $58,841 invested. Return on cash invested prints 25.14% in year one, and rental yield reads 9.31% against a $177,500 entry. Equity gained on principal adds $1,145/yr, while 5% annual appreciation compiles into $49,040 by year five. Five-year ROI reaches 131.09% and total cumulative return in cash sums $77,136. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,377/mo property income covering a $869/mo payment, not borrower’s personal income.
Single Family
Built in 1940
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04765, Patten, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 929 (100%) |
| Owner Occupied HU | 426 (45.9%) |
| Renter Occupied HU | 93 (10.0%) |
| Vacant Housing Units | 410 (44.1%) |
| Median Home Value | $213,333 |
| Average Home Value | $259,577 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
283
Multi-Family
35
Businesses
56
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