5 Western AvenueEast MillinocketME04430
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 East Millinocket at 5 Western Avenue, East Millinocket, ME, 04430 generates $1,425/mo in rent and, after a $905/mo payment, leaves $258/mo in cash flow. Total monthly income is $1,425/mo, and annual cash flow is $3,095/yr on $61,328 invested. Return on cash invested sits at 24.96% in year one, and rental yield is 9.24% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 130.05% and total cumulative return in cash sums $79,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,425/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04430, East Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 862 (100%) |
| Owner Occupied HU | 576 (66.8%) |
| Renter Occupied HU | 183 (21.2%) |
| Vacant Housing Units | 103 (11.9%) |
| Median Home Value | $70,556 |
| Average Home Value | $109,588 |
Housing Distribution
Address Breakdown
Residential
765
Single Family
752
Multi-Family
13
Businesses
50
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Listed by: N/A • Big Bear Real Estate Company
Mls Name: Maine Listings
Mls ID: #1635706