47 Higgins RoadPalmyraME04965
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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 Palmyra at 47 Higgins Road, Palmyra, ME, 04965 listed at $495,000 pairs $2,218/mo rent with a $2,423/mo payment. Total monthly income runs $2,218/mo. Return on cash invested measures 13.28% in year one, and rental yield registers 5.38% at a $495,000 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,759 by year five. Five-year ROI tracks 67.46% and total cumulative return in cash totals $110,698. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,218/mo property income relative to a $2,423/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1983
7.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04965, Palmyra, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 983 (100%) |
| Owner Occupied HU | 727 (74.0%) |
| Renter Occupied HU | 133 (13.5%) |
| Vacant Housing Units | 123 (12.5%) |
| Median Home Value | $171,013 |
| Average Home Value | $211,881 |
Housing Distribution
Address Breakdown
Residential
833
Single Family
833
Multi-Family
0
Businesses
38
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