38 W. Main W Main Street #1VinalhavenME04863
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 Vinalhaven at 38 W. Main W Main Street #1, Vinalhaven, ME, 04863 priced at $1,100,000 converts $0/mo rent into after a $5,384/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.01% in year one, and rental yield reads 0% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Single Family
Built in 2000
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04863, Vinalhaven, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 480 (36.6%) |
| Renter Occupied HU | 162 (12.3%) |
| Vacant Housing Units | 670 (51.1%) |
| Median Home Value | $517,045 |
| Average Home Value | $621,682 |
Housing Distribution
Address Breakdown
Residential
418
Single Family
418
Multi-Family
0
Businesses
53
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • RE/MAX JARET & COHN
Mls Name: Maine Listings
Mls ID: #1644339