36 Sherman StreetIsland FallsME04747
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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 Island Falls at 36 Sherman Street, Island Falls, ME, 04747 offers a 11.86% rental yield on a $169,900 purchase with $1,679/mo rent. Total monthly income registers $1,679/mo, and a $832/mo payment leaves $606/mo available for distribution. Annual cash flow reaches $7,276/yr on $56,322 to close, and return on cash invested stands at 32.83% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 172.37% and total cumulative return in cash at $97,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,679/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04747, Island Falls, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 896 (100%) |
| Owner Occupied HU | 456 (50.9%) |
| Renter Occupied HU | 83 ( 9.3%) |
| Vacant Housing Units | 357 (39.8%) |
| Median Home Value | $235,714 |
| Average Home Value | $248,591 |
Housing Distribution
Address Breakdown
Residential
398
Single Family
376
Multi-Family
22
Businesses
34
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Listed by: N/A • First Choice Real Estate
Mls Name: Maine Listings
Mls ID: #1635431