355 Thorndike RoadUnityME04988
Nearby investment properties with comparable rents
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
Investment Highlights
Rental property for sale in Unity at 355 Thorndike Road, Unity, ME, 04988 offers $2,465/mo rent that, after a $1,493/mo payment, leaves $540/mo cash flow. Total monthly income is $2,465/mo, and annual cash flow is $6,479/yr on $101,108 cash. Return on cash invested measures 26.32% in year one, and rental yield stands at 9.7% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 137.36% and total cumulative return in cash reaches $138,886. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,465/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
2.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04988, Unity, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 919 (100%) |
| Owner Occupied HU | 506 (55.1%) |
| Renter Occupied HU | 248 (27.0%) |
| Vacant Housing Units | 165 (18.0%) |
| Median Home Value | $338,158 |
| Average Home Value | $393,394 |
Housing Distribution
Address Breakdown
Residential
637
Single Family
582
Multi-Family
55
Businesses
97
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