376 Main Street NSearsmontME04973
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
Investment Highlights
Rental property for sale in Searsmont at 376 Main Street N, Searsmont, ME, 04973 priced at $496,000 converts $3,390/mo rent into $259/mo cash flow after a $2,428/mo obligation. Total monthly income equals $3,390/mo, and annual cash flow totals $3,112/yr on $164,424 invested. Return on cash invested prints 21.8% in year one, and rental yield reads 8.2% against a $496,000 entry. Equity gained on principal adds $3,201/yr, while 5% annual appreciation compiles into $137,036 by year five. Five-year ROI reaches 113.17% and total cumulative return in cash sums $186,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,390/mo property income covering a $2,428/mo payment, not borrower’s personal income.
Single Family
Built in 2007
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04973, Searsmont, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 732 (100%) |
| Owner Occupied HU | 518 (70.8%) |
| Renter Occupied HU | 76 (10.4%) |
| Vacant Housing Units | 138 (18.9%) |
| Median Home Value | $281,343 |
| Average Home Value | $304,020 |
Housing Distribution
Address Breakdown
Residential
576
Single Family
576
Multi-Family
0
Businesses
29
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