32 Howe Street, Lewiston, ME, 04240 | 3.7% Rental Yield

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32 Howe Street, Lewiston, ME, 04240 | 3.7% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lewiston at 32 Howe Street, Lewiston, ME, 04240 priced at $550,000 converts $1,696/mo rent into after a $2,692/mo obligation. Total monthly income equals $1,696/mo. Return on cash invested prints 8.29% in year one, and rental yield reads 3.7% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 40.64% and total cumulative return in cash sums $73,546. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,696/mo property income covering a $2,692/mo payment, not borrower’s personal income.

Multi Family

Built in 1891

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Investors and owner-occupants take notice! This spacious 3-unit property offers an excellent opportunity in the heart of Lewiston, just steps from local amenities and a convenient transit stop around the corner. Whether you're an investor looking to expand your portfolio or a first-time buyer hoping to live in one unit while renting the others, this property checks all the boxes. Versatile and full of potential, it's a smart choice that won't stay on the market for long! OPEN HOUSE SCHEDULE: Saturday, September 6th at 11:00 AM-12:00 PM.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04240, Lewiston, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,860 (100%)
Owner Occupied HU	7,772 (46.1%)
Renter Occupied HU	7,750 (46.0%)
Vacant Housing Units	1,338 ( 7.9%)
Median Home Value	$245,673
Average Home Value	$272,189