538 Main Street #2SpringvaleME04083
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 Springvale at 538 Main Street #2, Springvale, ME, 04083 at $259,000 posts ROI 28.83% with $638/mo cash flow from $2,273/mo rent. Total monthly income equals $2,273/mo, and annual cash flow records $7,657/yr on $85,859 to close. Return on cash invested measures 28.83% and rental yield reads 10.53% at the current $259,000. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 by year five. Five-year ROI prints 150.88% and total cumulative return in cash totals $129,544.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,273/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1987
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04083, Springvale, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,114 (100%) |
| Owner Occupied HU | 1,318 (62.3%) |
| Renter Occupied HU | 666 (31.5%) |
| Vacant Housing Units | 130 ( 6.1%) |
| Median Home Value | $416,379 |
| Average Home Value | $426,354 |
Housing Distribution
Address Breakdown
Residential
2,002
Single Family
1,904
Multi-Family
98
Businesses
159
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Listed by: N/A • RE/MAX Realty One
Mls Name: Maine Listings
Mls ID: #1650013