33 Chipman Point RoadSteubenME04680
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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 Steuben at 33 Chipman Point Road, Steuben, ME, 04680 priced at $997,000 pairs $2,040/mo rent with after a $4,880/mo payment. Total monthly income equals $2,040/mo. Return on cash invested is 4.5% in year one, and rental yield stands at 2.46% on a $997,000 basis. Equity gained on principal adds $6,433/yr, and 5% annual appreciation accumulates to $275,453 by year five. Five-year ROI measures 20.35% and total cumulative return in cash reaches $66,766. For financing, Ziffy Mortgage’s DSCR program evaluates $2,040/mo property income against a $4,880/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04680, Steuben, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 431 (51.0%) |
| Renter Occupied HU | 66 ( 7.8%) |
| Vacant Housing Units | 348 (41.2%) |
| Median Home Value | $241,964 |
| Average Home Value | $291,189 |
Housing Distribution
Address Breakdown
Residential
537
Single Family
537
Multi-Family
0
Businesses
32
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