433 Aroostook 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
Investment property for sale in Millinocket at 433 Aroostook Avenue, Millinocket, ME, 04462 uses $70,908 cash to close to unlock $6,420/yr annual cash flow and $535/mo monthly cash flow. Total monthly income runs $1,885/mo, and a $1,047/mo payment keeps the spread at $535/mo. Purchase price stands at $213,900, and rental yield measures 10.58% with $1,885/mo rent. Return on cash invested shows 28.96% in year one, and 5% annual appreciation builds toward $59,097 over five years. Five-year ROI reaches 151.54% and total cumulative return in cash records $107,452. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,885/mo property income covering a $1,047/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,098 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 • ERA Dawson-Bradford Co.
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1612967
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782