411 Main StreetGrand IsleME04746
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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 Grand Isle at 411 Main Street, Grand Isle, ME, 04746 generates $1,138/mo in rent and, after a $538/mo payment, leaves $444/mo in cash flow. Total monthly income is $1,138/mo, and annual cash flow is $5,330/yr on $36,465 invested. Return on cash invested sits at 34.53% in year one, and rental yield is 12.41% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 181.52% and total cumulative return in cash sums $66,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,138/mo property income rather than buyer’s personal income.
Multi Family
Built in 1946
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04746, Grand Isle, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 266 (100%) |
| Owner Occupied HU | 169 (63.5%) |
| Renter Occupied HU | 45 (16.9%) |
| Vacant Housing Units | 52 (19.5%) |
| Median Home Value | $93,750 |
| Average Home Value | $120,237 |
Housing Distribution
Address Breakdown
Residential
153
Single Family
141
Multi-Family
12
Businesses
13
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Listed by: N/A • Crown Lakes Realty
Mls Name: Maine Listings
Mls ID: #1639338