361 Water StreetAddisonME04606
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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 Addison at 361 Water Street, Addison, ME, 04606 priced at $397,000 converts $2,332/mo rent into after a $1,943/mo obligation. Total monthly income equals $2,332/mo. Return on cash invested prints 18.33% in year one, and rental yield reads 7.05% against a $397,000 entry. Equity gained on principal adds $2,562/yr, while 5% annual appreciation compiles into $109,684 by year five. Five-year ROI reaches 94.54% and total cumulative return in cash sums $124,414. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,332/mo property income covering a $1,943/mo payment, not borrower’s personal income.
Single Family
Built in 1860
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04606, Addison, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 767 (100%) |
| Owner Occupied HU | 459 (59.8%) |
| Renter Occupied HU | 80 (10.4%) |
| Vacant Housing Units | 228 (29.7%) |
| Median Home Value | $208,796 |
| Average Home Value | $281,885 |
Housing Distribution
Address Breakdown
Residential
530
Single Family
518
Multi-Family
12
Businesses
21
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