444 Main StreetGrand IsleME04746
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Rental property for sale in Grand Isle at 444 Main Street, Grand Isle, ME, 04746 priced at $164,000 converts $0/mo rent into after a $803/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.94% in year one, and rental yield reads 0% against a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation compiles into $45,310 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $803/mo payment, not borrower’s personal income.
Multi Family
Built in 1951
0.55 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • Fields Realty LLC
Mls Name: Maine Listings
Mls ID: #1630303