49 North StreetNewportME04953
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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 Newport at 49 North Street, Newport, ME, 04953 earns $0/mo cash flow from $2,178/mo rent with a $1,689/mo payment. Total monthly income totals $2,178/mo, and annual cash flow totals $3/yr on $114,368 capital. ROI tracks 19.91% on current figures, and rental yield reads 7.58% at a $345,000 purchase. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 over five years. Five-year ROI reaches 103.04% and total cumulative return in cash sums $117,844. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,178/mo property income instead of your personal income.
Single Family
Built in 1900
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04953, Newport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 966 (54.3%) |
| Renter Occupied HU | 444 (24.9%) |
| Vacant Housing Units | 370 (20.8%) |
| Median Home Value | $269,469 |
| Average Home Value | $304,335 |
Housing Distribution
Address Breakdown
Residential
1,499
Single Family
1,449
Multi-Family
50
Businesses
184
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