34 Shannon Lane #34SacoME04072
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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 Saco at 34 Shannon Lane #34, Saco, ME, 04072 priced at $507,500 pairs $3,180/mo rent with after a $2,484/mo payment. Total monthly income equals $3,180/mo. Return on cash invested is 17.24% in year one, and rental yield stands at 7.52% on a $507,500 basis. Equity gained on principal adds $3,275/yr, and 5% annual appreciation accumulates to $140,213 by year five. Five-year ROI measures 89.62% and total cumulative return in cash reaches $149,638. For financing, Ziffy Mortgage’s DSCR program evaluates $3,180/mo property income against a $2,484/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2006
0.37 Acres lot
$N/A/sqft
$370 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04072, Saco, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,169 (100%) |
| Owner Occupied HU | 6,451 (63.4%) |
| Renter Occupied HU | 2,842 (27.9%) |
| Vacant Housing Units | 876 ( 8.6%) |
| Median Home Value | $440,416 |
| Average Home Value | $473,380 |
Housing Distribution
Address Breakdown
Residential
9,563
Single Family
8,876
Multi-Family
687
Businesses
678
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Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1621508
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782