31 School StreetLimerickME04048
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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
Investment property for sale in Limerick at 31 School Street, Limerick, ME, 04048 uses $89,472 cash to close to unlock $10,580/yr annual cash flow and $882/mo monthly cash flow. Total monthly income runs $2,585/mo, and a $1,321/mo payment keeps the spread at $882/mo. Purchase price stands at $269,900, and rental yield measures 11.49% with $2,585/mo rent. Return on cash invested shows 31.73% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 166.41% and total cumulative return in cash records $148,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,585/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1920
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04048, Limerick, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,724 (100%) |
| Owner Occupied HU | 1,147 (66.5%) |
| Renter Occupied HU | 179 (10.4%) |
| Vacant Housing Units | 398 (23.1%) |
| Median Home Value | $332,169 |
| Average Home Value | $370,009 |
Housing Distribution
Address Breakdown
Residential
1,308
Single Family
1,289
Multi-Family
19
Businesses
70
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