5 North RoadDetroitME04929
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Detroit at 5 North Road, Detroit, ME, 04929 priced at $275,000 pairs $1,969/mo rent with $233/mo cash flow after a $1,346/mo payment. Total monthly income equals $1,969/mo, and annual cash flow comes to $2,801/yr on $91,163 invested. Return on cash invested is 22.98% in year one, and rental yield stands at 8.59% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 119.5% and total cumulative return in cash reaches $108,935. For financing, Ziffy Mortgage’s DSCR program evaluates $1,969/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04929, Detroit, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 405 (100%) |
| Owner Occupied HU | 298 (73.6%) |
| Renter Occupied HU | 87 (21.5%) |
| Vacant Housing Units | 20 ( 4.9%) |
| Median Home Value | $158,333 |
| Average Home Value | $172,919 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
21
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