51 Point StreetColumbia FallsME04623
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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 Columbia Falls at 51 Point Street, Columbia Falls, ME, 04623 generates $1,864/mo in rent and, after a $978/mo payment, leaves $603/mo in cash flow. Total monthly income is $1,864/mo, and annual cash flow is $7,234/yr on $66,267 invested. Return on cash invested sits at 30.83% in year one, and rental yield is 11.19% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 161.55% and total cumulative return in cash sums $107,053. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,864/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04623, Columbia Falls, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 600 (100%) |
| Owner Occupied HU | 370 (61.7%) |
| Renter Occupied HU | 73 (12.2%) |
| Vacant Housing Units | 157 (26.2%) |
| Median Home Value | $156,250 |
| Average Home Value | $197,061 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
35
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Listed by: N/A • Your Home Sold Guaranteed Realty
Mls Name: Maine Listings
Mls ID: #1642041