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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newcastle at 38 Academy Hl, Newcastle, ME, 04553 priced at $696,200 pairs $2,068/mo rent with after a $3,408/mo payment. Total monthly income equals $2,068/mo. Return on cash invested is 7.87% in year one, and rental yield stands at 3.56% on a $696,200 basis. Equity gained on principal adds $4,492/yr, and 5% annual appreciation accumulates to $192,347 by year five. Five-year ROI measures 38.42% and total cumulative return in cash reaches $88,007. For financing, Ziffy Mortgage’s DSCR program evaluates $2,068/mo property income against a $3,408/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1968
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04553, Newcastle, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 992 (100%) |
| Owner Occupied HU | 668 (67.3%) |
| Renter Occupied HU | 144 (14.5%) |
| Vacant Housing Units | 180 (18.1%) |
| Median Home Value | $440,486 |
| Average Home Value | $450,591 |
Residential
811
Single Family
771
Multi-Family
40
Businesses
92
Date | Event | Price |
|---|---|---|
| 2025-07-30 | Listing removed | $739,000 |
| 2025-06-09 | Listed for sale | $739,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $3010.00 | -0.20% | $221,300 | 17.40% |
| 2023-10-19 | $3016.00 | 0.63% | $188,500 | N/A |
| 2022-10-19 | $2997.00 | 3.92% | $188,500 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
