51 Main StreetCornishME04020
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 51 Main Street, Cornish, ME, 04020 in Cornish: $2,584/mo in rent, $1,498/mo net, 20% gross yield, all on a $155,000 acquisition. The 3.71 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $42,824 in value, and $1,428/yr in principal paydown steadily builds equity. Projected total cumulative return: $162,210.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20% | 5.1% |
| Monthly Cash Flow | $1,498 | $850 |
City averages based on Cornish market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,584 |
| Total Monthly Debt Service | $917 |
| DSCR Ratio | 2.82x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1820
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04020, Cornish, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 793 (100%) |
| Owner Occupied HU | 563 (71.0%) |
| Renter Occupied HU | 133 (16.8%) |
| Vacant Housing Units | 97 (12.2%) |
| Median Home Value | $441,195 |
| Average Home Value | $475,133 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
574
Multi-Family
41
Businesses
98
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
Single Family
Built in 1820
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04020, Cornish, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 793 (100%) |
| Owner Occupied HU | 563 (71.0%) |
| Renter Occupied HU | 133 (16.8%) |
| Vacant Housing Units | 97 (12.2%) |
| Median Home Value | $441,195 |
| Average Home Value | $475,133 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
574
Multi-Family
41
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices