38 Conary Lane, Warren, ME, 04864 | $217/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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38 Conary Lane, Warren, ME, 04864 | $217/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Warren at 38 Conary Lane, Warren, ME, 04864 priced at $359,000 converts $2,483/mo rent into $217/mo cash flow after a $1,757/mo obligation. Total monthly income equals $2,483/mo, and annual cash flow totals $2,609/yr on $119,009 invested. Return on cash invested prints 22.1% in year one, and rental yield reads 8.3% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 114.77% and total cumulative return in cash sums $136,591. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,483/mo property income covering a $1,757/mo payment, not borrower’s personal income.

Single Family

Built in 1973

0.60 Acres lot

$N/A/sqft

No HOA

More details about the property

This sweet, well-maintained home is tucked within a private cul-de-sac in scenic and historic Warren. Ideally located just steps from St. George River access at Payson Park, you can enjoy fishing, playing, and gathering. The inviting 3-bedroom home features comfort and efficiency that includes newer wood floors, heat pumps, a cozy propane fireplace, and a sunroom warmed by a charming wood stove with views out to the back field. New windows, low-maintenance siding, and a durable metal roof support year-round easy living. A newly installed solar system comes with a monthly agreement keeping your bill reasonable and predictable. The large deck overlooks the open, well-kept yardperfect for relaxing or entertainingand a utility shed provides extra storage for your yard toys. Additionally, the walkout basement includes an extra room for flexible use, while a second driveway allows for one-floor living with no stairs required. Offering the ideal blend of comfort, convenience, and countryside charm, you'll be just a few miles from popular Beth's farm, within easy reach of the school, local market, delis and service stations, and a short drive to coastal towns and points south.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04864, Warren, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,939 (100%)
Owner Occupied HU	1,383 (71.3%)
Renter Occupied HU	290 (15.0%)
Vacant Housing Units	266 (13.7%)
Median Home Value	$279,835
Average Home Value	$295,201