32 Orange StreetLewistonME04240
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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 Lewiston at 32 Orange Street, Lewiston, ME, 04240 priced at $350,000 converts $2,402/mo rent into $193/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,402/mo, and annual cash flow totals $2,318/yr on $116,025 invested. Return on cash invested prints 21.91% in year one, and rental yield reads 8.24% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 113.74% and total cumulative return in cash sums $131,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,402/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Multi Family
Built in 1936
4,791 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,582
Single Family
13,292
Multi-Family
2,290
Businesses
1,153
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