357 Main StreetLincolnME04457
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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
Investment property for sale in Lincoln at 357 Main Street, Lincoln, ME, 04457 earns $246/mo cash flow from $2,045/mo rent with a $1,395/mo payment. Total monthly income totals $2,045/mo, and annual cash flow totals $2,955/yr on $94,478 capital. ROI tracks 23.04% on current figures, and rental yield reads 8.61% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 119.82% and total cumulative return in cash sums $113,202. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,045/mo property income instead of your personal income.
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04457, Lincoln, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,318 (100%) |
| Owner Occupied HU | 2,100 (63.3%) |
| Renter Occupied HU | 564 (17.0%) |
| Vacant Housing Units | 654 (19.7%) |
| Median Home Value | $208,458 |
| Average Home Value | $241,743 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,515
Multi-Family
71
Businesses
225
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