48 Mechanic StreetCamdenME04843
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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
Rental property for sale in Camden at 48 Mechanic Street, Camden, ME, 04843 priced at $755,000 converts $3,084/mo rent into after a $3,695/mo obligation. Total monthly income equals $3,084/mo. Return on cash invested prints 11.94% in year one, and rental yield reads 4.9% against a $755,000 entry. Equity gained on principal adds $4,872/yr, while 5% annual appreciation compiles into $208,593 by year five. Five-year ROI reaches 60.25% and total cumulative return in cash sums $149,655. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,084/mo property income covering a $3,695/mo payment, not borrower’s personal income.
Single Family
Built in 1820
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04843, Camden, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,422 (100%) |
| Owner Occupied HU | 1,801 (52.6%) |
| Renter Occupied HU | 786 (23.0%) |
| Vacant Housing Units | 835 (24.4%) |
| Median Home Value | $475,000 |
| Average Home Value | $599,273 |
Housing Distribution
Address Breakdown
Residential
2,792
Single Family
2,579
Multi-Family
213
Businesses
413
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