36 Irwin StreetLewistonME04240
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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 Lewiston at 36 Irwin Street, Lewiston, ME, 04240 offers $2,880/mo rent that, after a $1,415/mo payment, leaves $1,056/mo cash flow. Total monthly income is $2,880/mo, and annual cash flow is $12,667/yr on $95,804 cash. Return on cash invested measures 33.13% in year one, and rental yield stands at 11.96% at a $289,000 entry. Equity gained on principal adds $1,865/yr while 5% annual appreciation compounds into $79,845 by year five. Five-year ROI records 173.92% and total cumulative return in cash reaches $166,622. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,880/mo property income versus a $1,415/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04240, Lewiston, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,772 (46.1%) |
| Renter Occupied HU | 7,750 (46.0%) |
| Vacant Housing Units | 1,338 ( 7.9%) |
| Median Home Value | $245,673 |
| Average Home Value | $272,189 |
Housing Distribution
Address Breakdown
Residential
15,582
Single Family
13,292
Multi-Family
2,290
Businesses
1,153
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