33 Lake StreetNew VineyardME04956
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 33 Lake Street, New Vineyard, ME, 04956 in New Vineyard is priced for capital growth, not immediate cash flow. The $399,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $110,236 by year five, with $3,675/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.0% |
| Monthly Cash Flow | $0 | $450 |
City averages based on New Vineyard market data in our database. Property projections are estimates.
Single Family
Built in 2021
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04956, New Vineyard, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 475 (100%) |
| Owner Occupied HU | 273 (57.5%) |
| Renter Occupied HU | 39 ( 8.2%) |
| Vacant Housing Units | 163 (34.3%) |
| Median Home Value | $253,571 |
| Average Home Value | $251,126 |
Housing Distribution
Address Breakdown
Residential
239
Single Family
239
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Single Family
Built in 2021
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04956, New Vineyard, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 475 (100%) |
| Owner Occupied HU | 273 (57.5%) |
| Renter Occupied HU | 39 ( 8.2%) |
| Vacant Housing Units | 163 (34.3%) |
| Median Home Value | $253,571 |
| Average Home Value | $251,126 |
Housing Distribution
Address Breakdown
Residential
239
Single Family
239
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Maine Listings
Mls ID: #1655615