377 Harrison RoadNorwayME04268
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 Norway at 377 Harrison Road, Norway, ME, 04268 generates $3,038/mo in rent and, after a $1,953/mo payment, leaves $520/mo in cash flow. Total monthly income is $3,038/mo, and annual cash flow is $6,237/yr on $132,269 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 9.14% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 128.28% and total cumulative return in cash sums $169,670. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,038/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04268, Norway, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,971 (100%) |
| Owner Occupied HU | 1,703 (57.3%) |
| Renter Occupied HU | 667 (22.5%) |
| Vacant Housing Units | 601 (20.2%) |
| Median Home Value | $252,934 |
| Average Home Value | $269,796 |
Housing Distribution
Address Breakdown
Residential
2,390
Single Family
2,093
Multi-Family
297
Businesses
232
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices