39 Payne StreetSpringvaleME04083
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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 Springvale at 39 Payne Street, Springvale, ME, 04083 priced at $259,900 pairs $1,772/mo rent with $132/mo cash flow after a $1,272/mo payment. Total monthly income equals $1,772/mo, and annual cash flow comes to $1,582/yr on $86,157 invested. Return on cash invested is 21.74% in year one, and rental yield stands at 8.18% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 112.84% and total cumulative return in cash reaches $97,222. For financing, Ziffy Mortgage’s DSCR program evaluates $1,772/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1861
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04083, Springvale, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,114 (100%) |
| Owner Occupied HU | 1,318 (62.3%) |
| Renter Occupied HU | 666 (31.5%) |
| Vacant Housing Units | 130 ( 6.1%) |
| Median Home Value | $416,379 |
| Average Home Value | $426,354 |
Housing Distribution
Address Breakdown
Residential
2,002
Single Family
1,904
Multi-Family
98
Businesses
159
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Listed by: N/A • Keller Williams Coastal and Lakes & Mountains Realty
Mls Name: Maine Listings
Mls ID: #1643218