34 Highview Ave.HancockME04640
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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 Hancock at 34 Highview Ave, Hancock, ME, 04640 offers $3,085/mo rent that, after a $1,953/mo payment, leaves $567/mo cash flow. Total monthly income is $3,085/mo, and annual cash flow is $6,801/yr on $132,269 cash. Return on cash invested measures 25.05% in year one, and rental yield stands at 9.28% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 130.57% and total cumulative return in cash reaches $172,706. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,085/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04640, Hancock, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 798 (56.4%) |
| Renter Occupied HU | 248 (17.5%) |
| Vacant Housing Units | 370 (26.1%) |
| Median Home Value | $317,054 |
| Average Home Value | $384,283 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,197
Multi-Family
0
Businesses
96
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