435 Main StreetCanaanME04924
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow435 Main Street, Canaan, ME, 04924 in Canaan earns its strong cash-flow label: 14.21% yield, $1,279/mo rent, $598/mo net income, DSCR 2.63. The $108,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $29,838 by year five. Combined with $995/yr in principal paydown, total projected return reaches $79,432.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.2% | 6.0% |
| Monthly Cash Flow | $598 | $900 |
City averages based on Canaan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,279 |
| Total Monthly Debt Service | $639 |
| DSCR Ratio | 2.00x |
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.
Manufactured
Built in 1986
3.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04924, Canaan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 844 (69.1%) |
| Renter Occupied HU | 192 (15.7%) |
| Vacant Housing Units | 186 (15.2%) |
| Median Home Value | $171,034 |
| Average Home Value | $220,382 |
Housing Distribution
Address Breakdown
Residential
839
Single Family
839
Multi-Family
0
Businesses
42
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
Manufactured
Built in 1986
3.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04924, Canaan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 844 (69.1%) |
| Renter Occupied HU | 192 (15.7%) |
| Vacant Housing Units | 186 (15.2%) |
| Median Home Value | $171,034 |
| Average Home Value | $220,382 |
Housing Distribution
Address Breakdown
Residential
839
Single Family
839
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices