35 Turner StreetPresque IsleME04769
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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 Presque Isle at 35 Turner Street, Presque Isle, ME, 04769 priced at $164,000 converts $1,492/mo rent into $457/mo cash flow after a $803/mo obligation. Total monthly income equals $1,492/mo, and annual cash flow totals $5,480/yr on $54,366 invested. Return on cash invested prints 29.99% in year one, and rental yield reads 10.92% against a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation compiles into $45,310 by year five. Five-year ROI reaches 157.06% and total cumulative return in cash sums $85,389. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,492/mo property income covering a $803/mo payment, not borrower’s personal income.
Single Family
Built in 1909
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04769, Presque Isle, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,521 (100%) |
| Owner Occupied HU | 2,368 (52.4%) |
| Renter Occupied HU | 1,667 (36.9%) |
| Vacant Housing Units | 486 (10.7%) |
| Median Home Value | $164,958 |
| Average Home Value | $205,982 |
Housing Distribution
Address Breakdown
Residential
3,994
Single Family
3,464
Multi-Family
530
Businesses
583
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Listed by: N/A • Bernard-Coury Realty
Mls Name: Maine Listings
Mls ID: #1634795