53 Cedar StEast MillinocketME04430
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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 East Millinocket at 53 Cedar St, East Millinocket, ME, 04430 with 5% annual appreciation on a $290,500 basis while $1,949/mo rent supports operations. Total monthly income totals $1,949/mo and a $1,422/mo payment preserves $115/mo for cash returns. Annual cash flow comes to $1,386/yr on $96,301 deployed, and return on cash invested reaches 21.35% in year one. Equity gained on principal adds $1,875/yr, and five-year appreciation sums $80,260 alongside rental yield of 8.05%. Five-year ROI measures 110.75% and total cumulative return in cash totals $106,649.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,949/mo property income versus a $1,422/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1989
0.25 Acres 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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