42 Howard StreetOld TownME04468
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 42 Howard Street, Old Town, ME, 04468 in Old Town speaks for itself: 11.13% gross on a $347,000 price, generating $3,218/mo in rent and $1,028/mo in net income after the $1,560/mo debt service. DSCR 2.06, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $12,341 stacks alongside $95,870 in projected five-year appreciation and $3,196/yr in principal reduction. Projected total cumulative return: $197,970.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 8.0% |
| Monthly Cash Flow | $1,028 | $500 |
City averages based on Old Town market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,218 |
| Total Monthly Debt Service | $2,052 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04468, Old Town, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,815 (100%) |
| Owner Occupied HU | 2,594 (53.9%) |
| Renter Occupied HU | 1,644 (34.1%) |
| Vacant Housing Units | 577 (12.0%) |
| Median Home Value | $218,286 |
| Average Home Value | $246,887 |
Housing Distribution
Address Breakdown
Residential
4,245
Single Family
4,000
Multi-Family
245
Businesses
202
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
Single Family
Built in 1900
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04468, Old Town, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,815 (100%) |
| Owner Occupied HU | 2,594 (53.9%) |
| Renter Occupied HU | 1,644 (34.1%) |
| Vacant Housing Units | 577 (12.0%) |
| Median Home Value | $218,286 |
| Average Home Value | $246,887 |
Housing Distribution
Address Breakdown
Residential
4,245
Single Family
4,000
Multi-Family
245
Businesses
202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices