50 Magnum DriveTurnerME04282
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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 Turner at 50 Magnum Drive, Turner, ME, 04282 uses $114,368 cash to close to unlock $5,691/yr annual cash flow and $474/mo monthly cash flow. Total monthly income runs $2,652/mo, and a $1,689/mo payment keeps the spread at $474/mo. Purchase price stands at $345,000, and rental yield measures 9.22% with $2,652/mo rent. Return on cash invested shows 24.89% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 129.71% and total cumulative return in cash records $148,348. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,652/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1988
1.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04282, Turner, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,699 (100%) |
| Owner Occupied HU | 2,055 (76.1%) |
| Renter Occupied HU | 366 (13.6%) |
| Vacant Housing Units | 278 (10.3%) |
| Median Home Value | $343,830 |
| Average Home Value | $356,009 |
Housing Distribution
Address Breakdown
Residential
2,234
Single Family
2,210
Multi-Family
24
Businesses
155
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