5 Water StNewportME04953
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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 Newport at 5 Water St, Newport, ME, 04953 priced at $231,500 pairs $2,138/mo rent with $677/mo cash flow after a $1,133/mo payment. Total monthly income equals $2,138/mo, and annual cash flow comes to $8,124/yr on $76,742 invested. Return on cash invested is 30.5% in year one, and rental yield stands at 11.08% on a $231,500 basis. Equity gained on principal adds $1,494/yr, and 5% annual appreciation accumulates to $63,959 by year five. Five-year ROI measures 159.82% and total cumulative return in cash reaches $122,650. For financing, Ziffy Mortgage’s DSCR program evaluates $2,138/mo property income against a $1,133/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
5,227 sqft 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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