372 Forest AvenueOronoME04473
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.2% gross rental yield, 372 Forest Avenue, Orono, ME, 04473 in Orono is priced for capital growth, not immediate cash flow. The $495,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $136,759 by year five, with $4,559/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.59) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $71,873.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 7.0% |
| Monthly Cash Flow | $(1,804) | $300 |
City averages based on Orono market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,320 |
| Total Monthly Debt Service | $2,927 |
| DSCR Ratio | 0.45x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1990
55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04473, Orono, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,854 (100%) |
| Owner Occupied HU | 1,396 (36.2%) |
| Renter Occupied HU | 2,039 (52.9%) |
| Vacant Housing Units | 419 (10.9%) |
| Median Home Value | $333,333 |
| Average Home Value | $351,250 |
Housing Distribution
Address Breakdown
Residential
3,358
Single Family
3,054
Multi-Family
304
Businesses
198
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1990
55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04473, Orono, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,854 (100%) |
| Owner Occupied HU | 1,396 (36.2%) |
| Renter Occupied HU | 2,039 (52.9%) |
| Vacant Housing Units | 419 (10.9%) |
| Median Home Value | $333,333 |
| Average Home Value | $351,250 |
Housing Distribution
Address Breakdown
Residential
3,358
Single Family
3,054
Multi-Family
304
Businesses
198
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices