397 Lily Bay RoadGreenvilleME04441
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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 Greenville at 397 Lily Bay Road, Greenville, ME, 04441 offers $2,357/mo rent that, after a $1,884/mo payment. Total monthly income is $2,357/mo. Return on cash invested measures 19.23% in year one, and rental yield stands at 7.35% at a $385,000 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,368 by year five. Five-year ROI records 99.35% and total cumulative return in cash reaches $126,802. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,357/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04441, Greenville, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,342 (100%) |
| Owner Occupied HU | 675 (28.8%) |
| Renter Occupied HU | 195 ( 8.3%) |
| Vacant Housing Units | 1,472 (62.9%) |
| Median Home Value | $277,381 |
| Average Home Value | $426,063 |
Housing Distribution
Address Breakdown
Residential
312
Single Family
312
Multi-Family
0
Businesses
111
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Listed by: N/A • Realty of Maine
Mls Name: Maine Listings
Mls ID: #1635593