505 Main StreetPassadumkeagME04475
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
Investment property for sale in Passadumkeag at 505 Main Street, Passadumkeag, ME, 04475 uses $105,749 cash to close to unlock $1,933/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $2,174/mo, and a $1,561/mo payment keeps the spread at $161/mo. Purchase price stands at $319,000, and rental yield measures 8.18% with $2,174/mo rent. Return on cash invested shows 21.74% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 112.84% and total cumulative return in cash records $119,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,174/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 1940
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04475, Passadumkeag, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 200 (100%) |
| Owner Occupied HU | 138 (69.0%) |
| Renter Occupied HU | 20 ( 10.0%) |
| Vacant Housing Units | 42 (21.0%) |
| Median Home Value | $125,000 |
| Average Home Value | $151,667 |
Housing Distribution
Address Breakdown
Residential
128
Single Family
119
Multi-Family
9
Businesses
6
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • CENTURY 21 Queen City Real Estate
Mls Name: Maine Listings
Mls ID: #1643656