41 Katahdin AvenueMillinocketME04462
Nearby investment properties with comparable rents
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 Millinocket at 41 Katahdin Avenue, Millinocket, ME, 04462 priced at $139,000 pairs $1,052/mo rent with $175/mo cash flow after a $680/mo payment. Total monthly income equals $1,052/mo, and annual cash flow comes to $2,101/yr on $46,079 invested. Return on cash invested is 24.47% in year one, and rental yield stands at 9.08% on a $139,000 basis. Equity gained on principal adds $897/yr, and 5% annual appreciation accumulates to $38,403 by year five. Five-year ROI measures 127.55% and total cumulative return in cash reaches $58,772. For financing, Ziffy Mortgage’s DSCR program evaluates $1,052/mo property income against a $680/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04462, Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,542 (58.9%) |
| Renter Occupied HU | 539 (20.6%) |
| Vacant Housing Units | 538 (20.5%) |
| Median Home Value | $91,538 |
| Average Home Value | $170,131 |
Housing Distribution
Address Breakdown
Residential
2,484
Single Family
2,361
Multi-Family
123
Businesses
198
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Listed by: N/A • United Country Lifestyle Properties of Maine
Mls Name: Maine Listings
Mls ID: #1635222