491 Main StreetOld TownME04468
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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 Old Town at 491 Main Street, Old Town, ME, 04468 priced at $224,000 converts $1,603/mo rent into $190/mo cash flow after a $1,096/mo obligation. Total monthly income equals $1,603/mo, and annual cash flow totals $2,276/yr on $74,256 invested. Return on cash invested prints 22.97% in year one, and rental yield reads 8.59% against a $224,000 entry. Equity gained on principal adds $1,445/yr, while 5% annual appreciation compiles into $61,887 by year five. Five-year ROI reaches 119.43% and total cumulative return in cash sums $88,687. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,603/mo property income covering a $1,096/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04468, Old Town, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,815 (100%) |
| Owner Occupied HU | 2,594 (53.9%) |
| Renter Occupied HU | 1,644 (34.1%) |
| Vacant Housing Units | 577 (12.0%) |
| Median Home Value | $218,286 |
| Average Home Value | $246,887 |
Housing Distribution
Address Breakdown
Residential
4,245
Single Family
4,000
Multi-Family
245
Businesses
202
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