442 Old Patten RoadIsland FallsME04747
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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
Investment property for sale in Island Falls at 442 Old Patten Road, Island Falls, ME, 04747 listed at $279,000 pairs $1,507/mo rent with a $1,366/mo payment. Total monthly income runs $1,507/mo. Return on cash invested measures 16.61% in year one, and rental yield registers 6.48% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 85.32% and total cumulative return in cash totals $78,907. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,507/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04747, Island Falls, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 896 (100%) |
| Owner Occupied HU | 456 (50.9%) |
| Renter Occupied HU | 83 ( 9.3%) |
| Vacant Housing Units | 357 (39.8%) |
| Median Home Value | $235,714 |
| Average Home Value | $248,591 |
Housing Distribution
Address Breakdown
Residential
398
Single Family
376
Multi-Family
22
Businesses
34
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Listed by: N/A • Northern Maine Realty, Inc.
Mls Name: Maine Listings
Mls ID: #1624843