372 Skiway Road UNIT 204NewryME04261
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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 Newry at 372 Skiway Road UNIT 204, Newry, ME, 04261 generates $2,760/mo in rent, after a $3,108/mo payment. Total monthly income is $2,760/mo. Return on cash invested sits at 9.56% in year one, and rental yield is 5.22% on a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 48.71% and total cumulative return in cash sums $101,756. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$1,741 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04261, Newry, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 199 (12.3%) |
| Renter Occupied HU | 36 ( 2.2%) |
| Vacant Housing Units | 1,380 (85.4%) |
| Median Home Value | $321,429 |
| Average Home Value | $371,319 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
31
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Nearby investment properties with comparable prices
Listed by: N/A • Cassie Mason Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1619696
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782