46 Elm StreetMachiasME04654
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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 Machias at 46 Elm Street, Machias, ME, 04654 offers a 10.37% rental yield on a $118,000 purchase with $1,020/mo rent. Total monthly income registers $1,020/mo, and a $578/mo payment leaves $275/mo available for distribution. Annual cash flow reaches $3,298/yr on $39,117 to close, and return on cash invested stands at 28.34% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,601 over five years. Portfolio math shows five-year ROI at 148.24% and total cumulative return in cash at $57,987. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,020/mo property income against a $578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04654, Machias, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,890 (100%) |
| Owner Occupied HU | 917 (48.5%) |
| Renter Occupied HU | 408 (21.6%) |
| Vacant Housing Units | 565 (29.9%) |
| Median Home Value | $147,135 |
| Average Home Value | $184,935 |
Housing Distribution
Address Breakdown
Residential
1,448
Single Family
1,302
Multi-Family
146
Businesses
213
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