38 Church StreetStockton SpringsME04981
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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 Stockton Springs at 38 Church Street, Stockton Springs, ME, 04981 priced at $299,995 converts $2,479/mo rent into $586/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,479/mo, and annual cash flow totals $7,032/yr on $99,448 invested. Return on cash invested prints 26.98% in year one, and rental yield reads 9.92% against a $299,995 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,883 by year five. Five-year ROI reaches 140.98% and total cumulative return in cash sums $140,206. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,479/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1853
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04981, Stockton Springs, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,363 (100%) |
| Owner Occupied HU | 934 (68.5%) |
| Renter Occupied HU | 147 (10.8%) |
| Vacant Housing Units | 282 (20.7%) |
| Median Home Value | $264,964 |
| Average Home Value | $316,751 |
Housing Distribution
Address Breakdown
Residential
1,094
Single Family
1,046
Multi-Family
48
Businesses
35
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Listed by: N/A • Dwelling In Maine
Mls Name: Maine Listings
Mls ID: #1633574