321 Main StreetVan BurenME04785
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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 Van Buren at 321 Main Street, Van Buren, ME, 04785 priced at $188,000 converts $1,419/mo rent into $233/mo cash flow after a $920/mo obligation. Total monthly income equals $1,419/mo, and annual cash flow totals $2,792/yr on $62,322 invested. Return on cash invested prints 24.39% in year one, and rental yield reads 9.06% against a $188,000 entry. Equity gained on principal adds $1,213/yr, while 5% annual appreciation compiles into $51,941 by year five. Five-year ROI reaches 127.04% and total cumulative return in cash sums $79,172. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,419/mo property income covering a $920/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04785, Van Buren, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,294 (100%) |
| Owner Occupied HU | 736 (56.9%) |
| Renter Occupied HU | 337 (26.0%) |
| Vacant Housing Units | 221 (17.1%) |
| Median Home Value | $113,710 |
| Average Home Value | $139,310 |
Housing Distribution
Address Breakdown
Residential
1,054
Single Family
1,031
Multi-Family
23
Businesses
85
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