36 Beech StreetEast MillinocketME04430
Nearby investment properties with comparable rents
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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 East Millinocket at 36 Beech Street, East Millinocket, ME, 04430 earns $965/mo cash flow from $2,069/mo rent with a $856/mo payment. Total monthly income totals $2,069/mo, and annual cash flow totals $11,583/yr on $57,979 capital. ROI tracks 39.89% on current figures, and rental yield reads 14.2% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 210.18% and total cumulative return in cash sums $121,860. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,069/mo property income instead of your personal income.
Single Family
Built in 1954
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04430, East Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 862 (100%) |
| Owner Occupied HU | 576 (66.8%) |
| Renter Occupied HU | 183 (21.2%) |
| Vacant Housing Units | 103 (11.9%) |
| Median Home Value | $70,556 |
| Average Home Value | $109,588 |
Housing Distribution
Address Breakdown
Residential
765
Single Family
752
Multi-Family
13
Businesses
50
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Listed by: N/A • Realty of Maine
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1598097
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782