347 Civic Center DriveAugustaME04330
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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 Augusta at 347 Civic Center Drive, Augusta, ME, 04330 priced at $379,900 converts $2,614/mo rent into $217/mo cash flow after a $1,859/mo obligation. Total monthly income equals $2,614/mo, and annual cash flow totals $2,602/yr on $125,937 invested. Return on cash invested prints 21.97% in year one, and rental yield reads 8.26% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 114.07% and total cumulative return in cash sums $143,657. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,614/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1957
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04330, Augusta, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 7,903 (58.0%) |
| Renter Occupied HU | 4,434 (32.6%) |
| Vacant Housing Units | 1,285 ( 9.4%) |
| Median Home Value | $239,579 |
| Average Home Value | $264,116 |
Housing Distribution
Address Breakdown
Residential
12,582
Single Family
11,441
Multi-Family
1,141
Businesses
1,190
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