31 Main StreetLimestoneME04750
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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 Limestone at 31 Main Street, Limestone, ME, 04750 priced at $140,000 converts $1,206/mo rent into $323/mo cash flow after a $685/mo obligation. Total monthly income equals $1,206/mo, and annual cash flow totals $3,872/yr on $46,410 invested. Return on cash invested prints 28.25% in year one, and rental yield reads 10.34% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 147.77% and total cumulative return in cash sums $68,578. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,206/mo property income covering a $685/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04750, Limestone, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,054 (100%) |
| Owner Occupied HU | 536 (50.9%) |
| Renter Occupied HU | 258 (24.5%) |
| Vacant Housing Units | 260 (24.7%) |
| Median Home Value | $124,597 |
| Average Home Value | $167,640 |
Housing Distribution
Address Breakdown
Residential
795
Single Family
747
Multi-Family
48
Businesses
64
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