445 Waterville RoadSkowheganME04976
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
Rental property for sale in Skowhegan at 445 Waterville Road, Skowhegan, ME, 04976 priced at $379,000 converts $1,320/mo rent into after a $1,855/mo obligation. Total monthly income equals $1,320/mo. Return on cash invested prints 9.67% in year one, and rental yield reads 4.18% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 48.14% and total cumulative return in cash sums $60,479. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Single Family
Built in 1975
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04976, Skowhegan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,990 (100%) |
| Owner Occupied HU | 2,937 (58.9%) |
| Renter Occupied HU | 1,488 (29.8%) |
| Vacant Housing Units | 565 (11.3%) |
| Median Home Value | $191,243 |
| Average Home Value | $232,858 |
Housing Distribution
Address Breakdown
Residential
4,559
Single Family
4,330
Multi-Family
229
Businesses
426
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices