38 Atkinson RoadCharlestonME04422
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
Investment property for sale in Charleston at 38 Atkinson Road, Charleston, ME, 04422 with 5% annual appreciation on a $425,000 basis while $3,540/mo rent supports operations. Total monthly income totals $3,540/mo and a $2,080/mo payment preserves $858/mo for cash returns. Annual cash flow comes to $10,295/yr on $140,888 deployed, and return on cash invested reaches 27.22% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 10%. Five-year ROI measures 142.18% and total cumulative return in cash totals $200,309.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,540/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
32.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04422, Charleston, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 600 (100%) |
| Owner Occupied HU | 408 (68.0%) |
| Renter Occupied HU | 115 (19.2%) |
| Vacant Housing Units | 77 (12.8%) |
| Median Home Value | $301,205 |
| Average Home Value | $419,896 |
Housing Distribution
Address Breakdown
Residential
477
Single Family
461
Multi-Family
16
Businesses
15
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Listed by: N/A • Berkshire Hathaway HomeServices Northeast Real Estate
Mls Name: Maine Listings
Mls ID: #1629744